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Here Comes HSBC China PMI...

Mamta Badkar   

Here Comes HSBC China PMI...
Stock Market1 min read

china factory

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.

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