FXstreet.com (San Francisco) - China registered a very good Flash Manufacturing PMI reading of 50.4 in November (13-month high), up from a revised 49.5 reading in October, signaling that operating conditions in the nation’s manufacturing sector is expanding (above 50.0 indicates industry expansion, below indicates contraction), Markit reported Thursday.
From Hongbin Qu, Chief Economist, China & Co-Head of Asian Economic Research at HSBC: “As November’s flash reading of HSBC manufacturing PMI bounced back to the expansionary territory for the first time in 13 months, this confirms that the economic recovery continues to gain momentum towards the year end. However, it is still the early stage of recovery and global economic growth remains fragile. This calls for a continuation of policy easing to strengthen the recovery.”
From Hongbin Qu, Chief Economist, China & Co-Head of Asian Economic Research at HSBC: “As November’s flash reading of HSBC manufacturing PMI bounced back to the expansionary territory for the first time in 13 months, this confirms that the economic recovery continues to gain momentum towards the year end. However, it is still the early stage of recovery and global economic growth remains fragile. This calls for a continuation of policy easing to strengthen the recovery.”
