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HSBC Flash PMI Falls To 4-Month Low Of 50.4

Mamta BadkarFeb 25, 2013, 07:15 IST

China Photos/Getty ImagesChinese Flash HSBC manufacturing PMI fell to a four-month low of 50.4.

Analysts polled by Bloomberg were looking for a reading of 52.2.

This is down from the final January reading of 52.3.

A reading below 50 indicates contraction. The decline in new export orders shows that weakness in the U.S. and Europe are still weighing on Chinese manufacturing.

Here's a look at the sub-indices:

Markit Economics