Sunday, February 3, 2013

Chinese PMI readings show diverging paths.

China's HSBC PMI, which focuses on smaller and privately owned firms, rose to 52.3 from 51.5 in December. However, the official PMI, which concentrates on larger state-owned enterprises, slowed to 50.4 from 50.6 and missed expectations. "We see increasing signals of a sustained growth recovery in the coming months," HSBC says.