Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  February 25, 2013 10:10:04

China - the manufacturing sector PMI in February by a lower than expected


Activity of the Chinese manufacturing sector purchasing managers index measured PMI grew at least the last four months. Preliminary PMI HSBC / Markit Economics reached 50.4 points compared to 52.3 points in January and the average estimates of market expectations set on 52.2 points.

Government statistics PMI for February showed a decline to 50.4 points compared to 50.6 points in January.

Today's report could reduce optimistic about the potential recovery of the Chinese economy at the beginning of this year. China's GDP in Q4 of last year grew by 7.9%. For Q1 this year, after a series of better-than-expected January data allowed for growth of 8.2%. January's improvement resulted mainly export growth and improving general economic confidence.

Final data on the PMI will be published on 1 HSVB March.
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