
IPFS News Link • China
CHINA'S HSBC PMI FALLS TO A 9-MONTH LOW
• Business InsiderThe headline number fell to a 9-month low of 48.2 from 49.2 in May.
This was a hair below economists' forecast for 48.3.
Any reading below 50 signals contraction.
Here are the key points from Markit:
Output contracts for first time since last October New export orders fall at the joint-fastest rate since March 2009 Job shedding intensified