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China HSBC PMI hits seven-month low of 48.2 in June
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Jul 1, 2012
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<p><a href="http://news.yahoo.com/china-hsbc-pmi-hits-seven-month-low-48-023216581--business.html"><img src="http://l.yimg.com/bt/api/res/1.2/9gP4f2_6WKKMrVTPzciDPw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-07-02T023502Z_1_CBRE861076H00_RTROPTP_2_CBUSINESS-US-CHINA-ECONOMY-HSBC-PMI.JPG" width="130" height="86" alt="Uighur ethnic minority employees work at the production line of a textile mill in Aksu" align="left" title="Uighur ethnic minority employees work at the production line of a textile mill in Aksu" border="0" /></a>BEIJING (Reuters) - China's factory activity shrank in June at the fastest pace in seven months as new export orders tumbled to depths last seen in March 2009, a private sector survey showed, underlining the risk of a lurch lower for the Chinese economy. The HSBC Purchasing Managers' Index (PMI) fell to 48.2 after seasonal adjustments, its lowest since November 2011, and little changed from a flash, or preliminary, estimate of 48.1. The final reading in May was 48.4. ...</p><br clear="all"/>
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