HSBC's
monthly gauge of Chinese factory activity, released Monday, showed
further slowing in June, as the index hit its lowest level since
September 2012. The HSBC manufacturing Purchasing Managers' Index,
dropped to 48.2 from May's 49.2 and down from a preliminary reading of
48.3, marking the second month in a row that the result was below 50 --
the dividing line between growth and contraction. Among the subindexes,
total new orders fell for a second straight month, while new export
orders fell at their fastest rate since March 2009.
Source by Commodity Insights
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