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01 Jun
01:00

Chinas PMIs hint at stabilisation

China’s official manufacturing purchasing managers’ index and HSBCs China manufacturing PMI both increased slightly in May over April, although the HSBC figure continued to show contraction in the sector. China’s official non-manufacturing PMI meanwhile suggested a bottoming out of the real estate sector, which could give steel sentiment a boost, Kallanish notes. China’s official PMI for the construction industry seems wildl…
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