Manufacturing PMI in China dropped more than forecasted…

Friday, 1 June 2012 09:45

The report prepared today by CFLP showed that Purchasing Managers’ Index in China dropped more than economists estimated.
Index reached reading of 50.4, instead 52.1 expected in May.
PMI decreased by 2.9 points from previous month.
Today’s reading is the lowest in Last two and a half year.

Index over 50.0 indicates economy expansion and below 50.0 contraction.