worldspy -
21.06.12 05:01
Investors are watching the June HSBC Flash PMI numbers closely for signs of improvement in the Chinese economy.Last month, the flash reading came in at 48.7, well below a reading of 50 which indicates a contraction.
China's official PMI also fell in May, but at 50.4 stayed marginally above the contractionary level.
The flash number focuses more heavily on small-and-medium enterprises (SMEs) than the official index. It is released a week before the official reading.
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