Feb 23 - HSBC China’s Feb. Preliminary PMI Rises to 49.7

Source: Caixin, ChinaScope Financial (Data)

+    On February 22, HSBC Holdings announced that the China preliminary Manufacturing Purchasing Managers Index (PMI) for February is 49.7, the highest in the past four months, but still below the 50-point demarcation line. The overall trend of economic slowdown has not changed.

+    HSBC usually announces preliminary figures about a week before the final PMI. The final HSBC China January PMI was 48.8, the highest in three months.

The preliminary HSBC PMI rebounded to 49.7 in February, a 0.9 percentage point increase from the final reading of 48.8 in January. The indicator has been below the demarcation line of 50 for four consecutive months.

Other News Headlines:

n HSBC China’s Feb. Preliminary PMI Rises to 49.7

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