China manufacturing PMI indicate slowdown, raise stimulus expectations
Posted on October 1, 2015 at 8:19 am GMTData out of China on Thursday indicated that the world’s second largest economy continues to show signs of a slowdown. China’s official purchasing manager’s index (PMI) printed a reading of 49.8 in September, rising from a reading of 49.7 in August. A figure below 50 indicates contraction. Concerns that China’s manufacturing activity contracted for the second consecutive month in September increases expectations of more stimulus measures by the country’s central bank. These could come in the form of interest rate [..]