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23 Apr 2015
Chinese flash PMI: recovery expected - Capital Economics
FXStreet (Bali) - Chang Liu, Economist at Capital Economics, shares her take on the upcoming flash manufacturing PMI in China, expecting a rebound in the headline index to 50.0 from 49.6 in March.
Key Quotes
"The flash manufacturing PMI (02.45 BST) fell in March to the lowest in ten months, largely due to seasonal distortions caused by an unusually late New Year. The seasonal effect should disappear in April data."
"Meanwhile, the equity rally and the stepping up of policy support is likely to have boosted sentiment in the sector – leading to a rebound in the headline index to 50.0 from 49.6 in March."
Key Quotes
"The flash manufacturing PMI (02.45 BST) fell in March to the lowest in ten months, largely due to seasonal distortions caused by an unusually late New Year. The seasonal effect should disappear in April data."
"Meanwhile, the equity rally and the stepping up of policy support is likely to have boosted sentiment in the sector – leading to a rebound in the headline index to 50.0 from 49.6 in March."