China's official purchasing managers' index (PMI) rose to 51 in February from 50.5 in January, the National Bureau of Statistics said on Thursday.
The reading indicated a modest expansion in the vast factory sector and was stronger than market expectations of 50.7. The PMI readings above 50 signal factory expansion while those below 50 point to contraction. The HSBC Flash PMI, the earliest indicator of China's industrial activity, hit a 4-month high of 49.7 in February, but *new export orders shrank the most in 8 months* as global demand weakened. The new orders sub-index rose to 51 in February from 50.4 in January while the sub-index for new export orders rose to 51.1 from January's 46.9. On Wed, Feb 29, 2012 at 1:59 PM, Mihir Desai <[email protected]>wrote: > > India’s Economy Grows at Slowest Pace Since 2009, Adding Rate-Cut > Pressure<http://www.bloomberg.com/news/2012-02-29/india-s-gdp-grows-least-since-2009.html> > Q > > India’s economy grew at the slowest pace in more than two years last > quarter as domestic demand weakened and the global recovery faltered, > adding pressure on the central bank to lower interest rates. > > > > -- > CA Mihir Desai > > -- CA. Rajesh Desai -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
