As a leading indicator of economic health, which measures the level of a diffusion index based on surveyed purchasing managers in the manufacturing industry, China’s HSBC Manufacturing PMI now stands at 49.0 in December from 47.7 in the November survey, a fresh 2-month high according to Markit.
“The pace of slowdown stabilized in December but the growth momentum remains weak with additional downside risks from exports and the property market not yet fully filtering through," says Hongbin Qu, Chief Economist, China & Co-Head of Asian Economic Research at HSBC. "With inflation quickly shifting to disinflation, the Chinese government can and should make more aggressive easing on both fiscal and monetary fronts to stabilize growth and jobs.”
“The pace of slowdown stabilized in December but the growth momentum remains weak with additional downside risks from exports and the property market not yet fully filtering through," says Hongbin Qu, Chief Economist, China & Co-Head of Asian Economic Research at HSBC. "With inflation quickly shifting to disinflation, the Chinese government can and should make more aggressive easing on both fiscal and monetary fronts to stabilize growth and jobs.”
HSBC Manufacturing PMI
49.0 (Actual)
49.0 (Actual)
- (Consensus)
47.7 (Previous )
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