ECONOMICS COMMENTARY
Feb 20, 2014
Chinese factories report second month of decline, cut jobs at fastest rate for five years
The Chinese manufacturing economy contracted for a second successive month in February, according to the flash PMI produced by Markit for HSBC. After allowing for seasonal influences such as the new year holidays, the PMI fell for a fourth month running, down from 49.5 in January to 48.3 in February, its lowest since July of last year.
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