China will Flash Manufacturing PMI report august 22 2012

China will Flash Manufacturing PMI report august 22 2012 : China HSBC Flash Manufacturing PMI (02:30 GMT Tuesday) The Purchasing Manager’s Index, out after midnight European time, is an early indicator of manufacturing conditions in China. In July, the headline PMI figure rose to 49.5, a five-month high. Meanwhile, the manufacturing output index moved to 51.2 from 49.3 in June.

However, there are continued fears that the deterioration in global demand will weaken China’s manufacturing base. This has put pressure on Beijing to introduce further economic stimulus. On Tuesday, China’s central bank provided the equivalent of $34.6 billion in liquidity to the market through reverse-repo agreements in a bid to boost growth. The move is, however, unlikely to factor in the August PMI figure.

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