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CHINA’S MANUFACTURING FIGURES BETTER THAN EXPECTED

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CHINA’S MANUFACTURING FIGURES BETTER THAN EXPECTED

Oct 23 2014, 10.36am GMT

Stock.com

As the labour market offset the housing slump, figures were better than expected though they show a slower expansion than seen in the last five months.

CNY HSBC Flash Manufacturing PMI: Actual 50.4, forecast 50.2, previous 50.2.

Slight volatility on the USD/CNY this morning from 6.1185 to 6.1319.

Key points

  • Flash China Manufacturing PMI™ at 50.4 in October (50.2 in September). Three-month high.
  • Flash China Manufacturing Output Index at 50.7 in October (51.3 in September). Five-month low.

The HSBC Flash China Manufacturing Purchasing Managers’ Index™ (PMI™) is published on a monthly basis ahead of final PMI data, making the HSBC PMI the earliest available indicator of manufacturing sector operating conditions in China. The estimate is typically based on approximately 85%–90% of total PMI survey responses each month and is designed to provide an accurate indication of the final PMI data.

China PMI: Data collected 13–21 October 2014 from a survey of about 430 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.

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