Forex News – Chinese manufacturing PMI shows China avoiding hard landing
Posted on June 2, 2014 at 1:08 pm GMTThe improvement in the National Bureau of Statistics manufacturing PMI for May was welcome news for most China watchers. The index rose to 50.8, compared to expectations of a rise to 50.7 and previous month’s reading of 50.4. It was the highest level for the index in 2014, although the improvement has been modest and the index remains too close to the 50 contraction / expansion dividing line for comfort. What the data does confirm though is that at least [..]