fell to a seven-month low in February at 54.5

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The reading is still 0.2 percent above that in the same period of last year, which indicates that the current economic growth is still in a stable and moderate range.

The HSBC China Manufacturing Purchasing Managers Index,adidas football chaussures, a gauge of nationwide manufacturing activity,franklin and marshall, fell to a seven-month low in February at 54.5,franklin et marshall, from previous month’s 52.3,polo ralph lauren, indicating shrinking expansion in manufacturing.
A reading above 50 indicates expansion from the previous month, while a reading below 50 indicates contraction.




Due to improvements in new orders, the final PMI came in slightly above the preliminary PMI reading that HSBC announced last week.
The HSBC China Manufacturing Purchasing Managers Index, a gauge of nationwide manufacturing activity,ralph lauren pas cher, fell to a seven-month low in February at 54.5.

Output increased slightly in February, while new orders declined this month for the first time since August 2010. At the same time, the cost of input has been racking up a three-month record, and is continuously being transferred to customers via higher factory prices.

“This is a positive development as slower growth is helpful to check inflation, while concerns about a slump in growth are unwarranted,chaussure louboutin pas cher,” Qu Hongbin, HSBC chief economist for China said in a statement.
The official PMI number,franklin marshall, released by China Federation of Logistics and Purchasing,chaussure louboutin, dropped 0.7 percentage points from the January to 52.2 percent for February.
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