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CHINA MANUFACTURING ACTIVITY REMAINS SLUGGISH

29-06-2015
by 
in 

Activity in China's manufacturing sector has contracted for the fourth month in a row, according to a private survey.

The HSBC Flash China Manufacturing PMI rose to 49.6 in the flash reading for June, up from a final reading of 49.2 in May.
The reading was expected to come in at 49.4, according to a Reuters poll.

A reading above 50 on the survey points to expansion, while a reading below 50 indicates contraction.

The flash reading is a preliminary estimate based on around 85-90 per cent of survey responses from over 420 small-to-medium-sized manufacturing firms.

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