China's official PMI falls to 50.2 in June - the slowest growth this year - from 50.4 in May vs. consensus of 49.9 and the HSBC flash reading of 48.1. The output sub-index 52 vs. 52.9, while new orders contract for a second month and a measure of input prices drops to its lowest reading since Dec. 2008. "Further monetary easing is warranted," says Mizuho economist Shen Jianguang.
China’s manufacturing expanded at the weakest pace this year as new orders and export demand dropped, showing the government has yet to arrest an economic slowdown.
The Purchasing Managers’ Index fell to 50.2 in June from 50.4 in May, the Beijing-based National Bureau of Statistics and China Federation of Logistics and Purchasing said. That compares with the 49.9 median estimate in a Bloomberg News survey of 24 economists. A reading above 50 indicates expansion.
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com/
