HSBC PMI supports “Slowing growth China”

More evidence that China’s growth rate continues to slow with today’s HSBC China PMI data

Composite data signals weaker rates of output and new order growth

• Output and new orders increase at weaker rates at both manufacturers and service providers
• Manufacturers reduce their payroll numbers, while service providers hire additional staff
• Inflationary pressures ease to five-month low at the composite level

2014.01.06 Press Release HSBC China Services PMI – December – PUBLIC

2014.01.06 China Services PMI – December – Report PUBLIC