Tag Archives: China PMI

China’s factory sector shows slow growth

China’s official data on manufacturing reported weaker than expected on Friday, causing some choppiness in regional markets. The official Purchasing Manager’s Index survey indicates that growth in the world’s second largest economy is still quite slow as the country faces challenges due to weak export demand from its main trading partners in the United States and Europe. The official...

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February 1, 2013 @ 9:33 am

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Yen tumbles as USDJPY shoots above 90.00

The yen underperformed on Thursday, accelerating a decline versus the dollar after comments from Japan’s deputy economy minister Nishimura gave more impetus to the yen sell off after he said that USDJPY at 100 would not be a problem. “The current level at 90 can be said to be a correction but it isn’t over yet”. Meanwhile, reduced demand for safe havens like the Japanese currency also...

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January 24, 2013 @ 10:17 pm

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China’s manufacturing sector shows growth

China’s economy is showing signs of a rebound from a seven-quarter slowdown after upbeat manufacturing data today. The final reading for HSBC’s purchasing manager’s index (PMI) for manufacturing rose to 51.5 in December from a preliminary reading of 50.9 on December 14 and up from November’s final reading of 50.5. A number above 50 indicates expansion while a number below 50 signals...

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December 31, 2012 @ 10:48 am

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China experiences growth in manufacturing

China’s manufacturing sector is showing improvement as the world’s second largest economy is seeing a  rebound after experiencing a slowdown in the past seven quarters. A preliminary reading on PMI, the HSBC China flash PMI released today, rose to  a 13-month high of 50.4 This is the first time the index breaks above 50 since October 2011. The 50 level demarcates expansion from...

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November 22, 2012 @ 11:09 am

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