|
Post by bot on Mar 21, 2013 0:06:51 GMT -5
China March manufacturing activity improves: HSBC HONG KONG (MarketWatch) -- Business conditions for Chinese manufacturers saw further improvement in March after nearly leveling off in the previous month, according to preliminary data released by HSBC on Thursday. The so-called flash manufacturing Purchasing Managers' Index for March came in at 51.7 in March, improving from a final reading of 50.4 for February. A measure above 50 indicates expansion. The latest data implied that the Chinese economy was still on track for a gradual growth recovery, said Hongbin Qu, chief economist for China at HSBC. "Inflation remains well behaved, leaving room for Beijing to keep policy relatively accommodative in a bid to sustain growth recovery," Qu said. The preliminary PMI data is based on responses from 85% to 90% of the respondents in a monthly survey conducted by HSBC.
|
|