- Analytics
- News and Tools
- Market News
- Chinese preliminary HSBC PMI rises to 49.1 in May, but remains below 50
Chinese preliminary HSBC PMI rises to 49.1 in May, but remains below 50
The Chinese preliminary HSBC manufacturing Purchasing Managers' Index (PMI) increased to 49.1 in May from 48.9 in April, missing expectations for a rise to 49.3.
A reading below 50 indicates contraction of activity.
The output index dropped to 48.4 in May from 50.0 in April. It was a 13-month low. New export orders also declined.
"Softer client demand, both at home and abroad, along with further job cuts indicate that the sector may find it difficult to expand, at least in the near-term, as companies tempered production plans in line with weaker demand conditions," Markit economist Annabel Fiddes said.
This reading puts more pressure on the Chinese government to implement further stimulus measures.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
