Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Here Comes HSBC China PMI...

Mamta BadkarJun 3, 2014, 06:37 IST

AP Photo/Neal Ulevich

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

Economists polled by Bloomberg are looking for manufacturing PMI to come in at 49.7. This compares to a reading of 48.1 in April.

A reading below 50 indicates contraction.

The official PMI report showed manufacturing hit a five-month high of 50.8 in May.

Beijing announced a mini-stimulus to help stabilize growth. And on May 30, the State Council announced additional policy easing measures. This is expected to have helped business sentiment.