Back
4 Feb 2015
Hong Kong, China Services PMIs decline further – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team notes that today’s Chinese and Hong Kong PMI disappointed the markets by registering a further decline, weighed down by slower growth.
Key Quotes
“China HSBC Services hit a 6-month low - tracking a 1-year low in official non-manufacturing figure posted over the weekend.”
“HSBC chief economist noted slower pace of services expansion, reiterating preference for more easing measures to support growth in the coming months.”
“Hong Kong PMI returned to contraction after popping above the 50-threshold for the first time in 5 months in December.”
“HSBC economist stated Hong Kongs economy remains relatively subdued at the start of 2015, with slower growth domestically as well as in Mainland China continuing to weigh on demand.”
Key Quotes
“China HSBC Services hit a 6-month low - tracking a 1-year low in official non-manufacturing figure posted over the weekend.”
“HSBC chief economist noted slower pace of services expansion, reiterating preference for more easing measures to support growth in the coming months.”
“Hong Kong PMI returned to contraction after popping above the 50-threshold for the first time in 5 months in December.”
“HSBC economist stated Hong Kongs economy remains relatively subdued at the start of 2015, with slower growth domestically as well as in Mainland China continuing to weigh on demand.”