China’s manufacturing is expanding at the slowest pace in four months, a private survey showed, underscoring the headwinds faced by policy makers in the world’s second-biggest economy.
The preliminary reading of a Purchasing Managers’ Index was 50.4 in February, according to a statement from HSBC Holdings Plc and Markit Economics today. That compares with the 52.3 final reading for January and the 52.2 median estimate of 11 analysts surveyed by Bloomberg News. A number above 50 indicates expansion.
By Bloomberg News - Feb 25, 2013 2:17 PM GMT+0800
Source : http://www.bloomberg.com/news/2013-02-25/china-s-manufacturing-may-expand-at-slower-pace-hsbc-pmi-shows.html
