2013-08-22
HSBC PMI Rebounds To 50.1 In August
The Flash HSBC PMI rebounded sharply to 50.1 in August from 47.7 in July, beating consensus estimate of 48.2. It confirms that the economy has stabilized in the short term and downside risks for the second half have declined. The better-than-estimated gauge is consistent with headline activity indicators such as industrial production in July. The […]
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