World Business News

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HSBC China Composite PMI™

Zone(s): China ¦ Sector(s): Finance, Economy
[5 June 2014, Markit Economics] On 5 June, Markit Economics published the latest HSBC China Composite PMI™ which signals first expansion of output in four months.

HSBC China Composite PMI™ data (which covers both manufacturing and services) signalled an expansion of Chinese business activity in May, following a three-month sequence of contraction. That said, the rate of growth was only fractional, as signalled by the HSBC Composite Output Index posting at 50.2 in May, up from 49.5 in April.

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