CHINA FLASH MANUFACTURING INDEX AT TWO-MONTH HIGH

HONG KONG – The HSBC Flash China Manufacturing PMI™ for March has come in at 51.7 (50.4 in February), a two-month high. The Flash China Manufacturing Output Index was at 52.8 (50.8 in February), also a two-month high. On data collected between March 12 and 19, HSBC reported that output, new orders and new export orders all increased at a faster rate while output and input prices both fell. Supplier delivery times are lengthening.