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23 Apr
01:00

China manufacturing slows further: HSBC

The flash reading of the HSBC China manufacturing purchasing managers’ index (PMI) fell to 49.2 in April from a final figure of 49.6 in March. The figure was at a 12 month low as China’s economy slows and demand weakens, Kallanish notes. Manufacturing output increased but at a slower rate than in March and the only sign of improvement came in new export orders, which showed an increase after falling in March. New domestic orders and both input an…
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