Tuesday, 24 March 2015

China flash PMI signals renewed decline as job losses hit six-year record

China’s hopes for the economy to grow by around 7% for 2015 suffered a setback as the flash manufacturing PMI fell to its lowest level for nearly a year in March, signalling a renewed downturn in business conditions. The survey also revealed a further marked fall in output prices in the goods-producing sector, highlighting the current weakness demand.