HSBC Chinese manufacturing PMI has fallen to a nine-month low of 48.3 in June from 49.2 in May and vs consensus of 49.4; manufacturing output index 48 vs 50.7. "Manufacturing sectors are weighed down by deteriorating external demand, moderating domestic demand and rising de-stocking," says HSBC. Beijing's preference for reform over stimulus will have a limited impact in the short term, so HSBC expects "slightly weaker growth in Q2." (PR)
HSBC Chinese manufacturing PMI has fallen to a nine-month low of 48.3 in June from 49.2 in May...
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