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CHINA'S HSBC PMI FALLS TO A 9-MONTH LOW

• Business Insider
 

The 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

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