2 Jun 2014
China's PMI at a 5-month high
FXStreet (Bali) - China’s official purchasing managers’ index (PMI) for the month of May came at a 5-month high, printing an encouraging 50.8 vs 50.7 exp and 50.4 last.
The areas that were identified as expanding were "Output, New Orders and Purchases of Inputs", while contraction was seen in: "New Export Orders, Stocks of Finished Goods, Backlogs of Orders, Imports, Stocks of Major Inputs." Lastly, "Input Prices were unchanged and Suppliers’ Delivery was faster."
Liu Li-Gang, chief Greater China economist at Australia & New Zealand Banking Group in Hong Kong was quoted by Bloomberg, saying that “the so-called mini-stimulus is helping to stabilize the economy,” said
The areas that were identified as expanding were "Output, New Orders and Purchases of Inputs", while contraction was seen in: "New Export Orders, Stocks of Finished Goods, Backlogs of Orders, Imports, Stocks of Major Inputs." Lastly, "Input Prices were unchanged and Suppliers’ Delivery was faster."
Liu Li-Gang, chief Greater China economist at Australia & New Zealand Banking Group in Hong Kong was quoted by Bloomberg, saying that “the so-called mini-stimulus is helping to stabilize the economy,” said