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16 Dec 2013
China's Dec preliminary HSBC PMI slightly lower than Nov
FXstreet.com (Bali) - China's HSBC Manufacturing PMI for Dec came at 50.5 vs 50.8 prior, with December final PMI data released on 2 January 2014.
According to the official report: "The December HSBC Flash China Manufacturing PMI reading slowed marginally from November’s final reading. But it still stands above the average reading for 3Q, implying that the recovering trend of the manufacturing sector starting from July still holds up. As a result, we expect China's GDP growth to stabilise at around 7.8% yoy in 4Q.”
According to the official report: "The December HSBC Flash China Manufacturing PMI reading slowed marginally from November’s final reading. But it still stands above the average reading for 3Q, implying that the recovering trend of the manufacturing sector starting from July still holds up. As a result, we expect China's GDP growth to stabilise at around 7.8% yoy in 4Q.”