24 Jul 2014
China’s PMI keeps improving – Danske Bank
FXStreet (Edinburgh) -The recent release of the Chinese manufacturing PMI for the month of July points to further improvement in the sector, noted Jens Pedersen, Analyst at Danske Bank.
Key Quotes
“China’s HSBC manufacturing PMI jumped to 52.0 in July from 50.7 in June – a much higher figure compared to our own and the consensus expectation”.
“The positive surprise further confirms our view that the Chinese economy has moved to a phase of moderate recovery”.
“We expect growth in the Chinese economy to accelerate further in the third quarter”.
Key Quotes
“China’s HSBC manufacturing PMI jumped to 52.0 in July from 50.7 in June – a much higher figure compared to our own and the consensus expectation”.
“The positive surprise further confirms our view that the Chinese economy has moved to a phase of moderate recovery”.
“We expect growth in the Chinese economy to accelerate further in the third quarter”.