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Here Comes HSBC China Flash PMI...

Mamta BadkarMay 22, 2014, 06:45 IST

AP Photo

HSBC China flash PMI for May is out at 9:45 p.m. ET.

Economists polled by Bloomberg are looking for a reading of 48.3 up from 48.1 the previous month.

A reading below 50 indicates contraction.

Domestic demand in China has been sluggish, and the last report showed that the manufacturing sector and the economy were losing momentum.

Beijing announced a mini-stimulus to help stabilize growth and this is expected to have improved business sentiment.