HONG KONG (MarketWatch)
China's manufacturing activity contracted further
in April, although the sector improved from levels seen in March, a preliminary
reading from HSBC showed Monday
HSBC's so-called "flash" Purchasing Managers'
Index rose to 49.1 in April, compared with a final reading of 48.3 in March
A
reading below 50 shows contraction, while one above 50 indicates an expansion
The improvement in factory conditions in April "suggests that the earlier easing
measures [from Beijing] have started to work and hence should ease concerns of a
sharp growth slowdown," said Hongbin Qu, chief economist for China at HSBC
He
added, however, that additional policy-easing measures were required to support
the economy and said HSBC expects monetary and fiscal easing to speed up in the
quarter ending June 30
The flash PMI is based on responses from 85% to 90% of
those surveyed in a given month
Welcome
The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
Cortesía de Investing.com
Agenda Macro
Calendario económico en tiempo real proporcionado por Investing.com España.
lunes, 23 de abril de 2012
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