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Factory activity, Beige Book point to China's economy regaining momentum

Wednesday, June 24, 2015 - 05:50
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The HSBC/Markit flash PMI edged up to 49.6 in June, a three-month high, from 49.2. New orders returned to positive territory at 50.3 and new export orders fell at a much slower pace.

Shanghai

CHINA'S factory activity showed signs of stabilising in June, with two private surveys suggesting the economy may be regaining some momentum even as many analysts expect further policy support to ensure the recovery becomes more sure-footed.

The HSBC/Markit Flash China