Asian Economic News

China Flash HSBC/Markit Manufacturing PMI Falls To 9-Month Low

An indicator of China's manufacturing sector performance declined to its lowest level in nine months in June, a survey by HSBC and Markit Economics showed Thursday.

The flash manufacturing purchasing managers' index fell to 48.3 in June from 49.2 in May. Readings below 50 suggests contraction of the sector.

The manufacturing output index fell to 48.8 from 50.7 in May. This was at its lowest level in eight months.

Both new orders and new export orders contracted at a faster pace during the month.

by RTTNews Staff Writer

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