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21 May 2015
China flash PMI may surprise to the upside - Capital Economics
FXStreet (Bali) - Chang Liu, Economist at Capital Economics, thinks that today's flash manufacturing PMI (1.45GMT) could surprise to the upside with a reading of 49.3 vs 48.9 last month.
Key Quotes
Activity data for April remained weak, suggesting that economic momentum has slowed further going into Q2.
However, policymakers have already stepped up support and we expect more measures to come over coming quarters.
For May, recent policy support should have helped to shore up activity and so we think the flash manufacturing PMI (02.45 BST) could show a reading of 49.3, up from 48.9 last month.
Key Quotes
Activity data for April remained weak, suggesting that economic momentum has slowed further going into Q2.
However, policymakers have already stepped up support and we expect more measures to come over coming quarters.
For May, recent policy support should have helped to shore up activity and so we think the flash manufacturing PMI (02.45 BST) could show a reading of 49.3, up from 48.9 last month.