3 Feb 2014
Flash: Chinese growth slowing - Danske Bank
FXstreet.com (Barcelona) - Anders Møller Lumholtz, Senior Analyst at Danske Bank notes that over the weekend China’s official manufacturing PMI was released.
Key Quotes
“The January print showed a decline to 50.5 from 51.0 in December. This is the second month in a row with a decline in the manufacturing PMI and the January reading is the lowest since July last year.”
“The details in the Chinese PMI were overall weak. New orders declined to 50.9 from 52.0 and export orders also declined slightly to 49.3 from 49.8. Overall the development in China’s manufacturing PMIs suggests that Chinese growth is again slowing.”
Key Quotes
“The January print showed a decline to 50.5 from 51.0 in December. This is the second month in a row with a decline in the manufacturing PMI and the January reading is the lowest since July last year.”
“The details in the Chinese PMI were overall weak. New orders declined to 50.9 from 52.0 and export orders also declined slightly to 49.3 from 49.8. Overall the development in China’s manufacturing PMIs suggests that Chinese growth is again slowing.”