While you were sleeping China manufacturing slips

Thu, 23 Jan 2014

By Margreet Dietz Jan. 24 (BusinessDesk) – Equities on both sides of the Atlantic dropped after a report showed that China’s manufacturing is headed for a contraction this month, fuelling concern about the sustainability of the global economic recovery. A preliminary survey from HSBC and Markit Economics showed a reading of 49.6 for China’s Purchasing Managers’ Index, down from a final reading of 50.5 in December and the lowest in six months. “The marginal contraction of January’s headline HSBC Flash China Manufacturing PMI was mainly dragg...

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