HSBC Flash China Manufacturing PMI Edges Higher in October

Posted by ETFalpha ⋅ October 23, 2014 ⋅ Leave a comment

Filed Under $FXI, $GXC, China, EM, Emerging Markets, PMI

The HSBC Flash China Manufacturing Output Index in October slipped to a 5-month low of 50.7 (51.3 in September). However, the Manufacturing PMI in October touched a 3-month high of 50.4 (50.2 in September). The result is also the median economist estimate. The final read from HSBC is due on November 3. The “flash” results are usually based on about 85-90% of total responses which is a good indication of the final read.

HSBC’s Hongbin Qu commented on the recent results: “Domestic as well as external demand showed some signs of slowing … Disinflationary pressures intensified, as both the input and output price indices declined further … The economy continues to show signs of insufficient demand. This warrants further policy easing.”