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China PMI in Feb falls for third month in a row: HSBC
PMI shows new orders, output both shrank for the first time in 7 mths
Add BT as a preferred sourcePublished Mon, Mar 3, 2014 · 10:00 PM
CHINESE manufacturing activity contracted last month at its worst rate in seven months, HSBC said yesterday, the latest data indicating weakness in the world's second largest economy.
The PMI published by investment bank HSBC and Markit fell for a third straight month to 48.5, down from 49.5 in January.
The index is a closely watched gauge of the health of the Chinese economy. A reading above 50 indicates growth, while anything below signals contraction.
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