Hsbc Asset Mgmt India Pvt Limited

HSBC's China July PMI drops to 16-month low of 49.4

02 Aug 10 11:19 AM
Money Control
HSBC's China Purchasing Managers' Index fell below the boom-bust line of 50 in July for the first time since the depths of the global downturn in March 2009.

The index dropped to 49.4 from 50.4 in June.
The month-on-month deterioration in Chinese manufacturing, which prolongs a cooling trend tha..