24 Mar 2015
Chinese Flash PMI to fall slightly - Capital Economics
FXStreet (Bali) - Chang Liu, China Economist at Capital Economics, anticipates the Chinese flash manufacturing PMI, due at 01.45 GMT, to come slightly weaker-than-expected to 50.2 from 50.7 in February.
Key Quotes
"Activity in China weakened markedly in the first two months of the year. Industrial production growth slowed to the lowest in over five years, dragged down by weakness in manufacturing."
"Policymakers have already begun to respond and there is a chance that the effects of these measures will start showing up in March activity data. Nonetheless, we still expect the flash manufacturing PMI (01.45 GMT) to fall slightly this month to 50.2 from 50.7 in February."
Key Quotes
"Activity in China weakened markedly in the first two months of the year. Industrial production growth slowed to the lowest in over five years, dragged down by weakness in manufacturing."
"Policymakers have already begun to respond and there is a chance that the effects of these measures will start showing up in March activity data. Nonetheless, we still expect the flash manufacturing PMI (01.45 GMT) to fall slightly this month to 50.2 from 50.7 in February."