China Manufacturing Slowdown: HSBC PMI 49.2 in May (Binary Option Evolution)

Economy News  –  On June 1, 2015, HSBC published its report on China’s Manufacturing PMI for the month of May. The index is posted at 49.2, slightly up from April’s 48.9, but it still indicates a contracting manufacturing sector. (Source: HSBC/Markit, June 1, 2015.) The Purchasing Managers’ Index, or PMI, is an indicator of the economic health of the manufacturing sector. HSBC’s index is constructed by surveying about 430 purchasing managers regarding business conditions in new

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