HSBC final PMI data still shows contraction in China manufacturing

Source: Marketwatch
HSBC's April manufacturing PMI climbed to 49.3 up from a initial figure of 49.1 compared to gauge of 48.3 in March. HSBC indicator contrasted with the official Chinese PMI figure which showed April gauge climbed to 53.3 signalling expansion. HSBC analysts predict economic expansion to slump in next three months and then rebound in second half of the year.
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