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Why China's Weak Manufacturing Data Shouldn't Fuel Fears About A Slowdown In Global Growth

5 years ago8 views

IBTimes

IBTimes

Mark Otto, director with trading firm Knight Capital Group Inc., weighs in on China's PMI data as well as its impact on global growth. China's manufacturing-activity growth has slowed in April, according to HSBC data released Tuesday. The preliminary or "flash" version of HSBC's manufacturing Purchasing Managers' Index fell to a two-month low of 50.5 from March's final reading of 51.6. Also on Tuesday, manufacturing output in Europe contracted for a 15th month in April as a composite index based on a survey of purchasing managers held at 46.5, London-based Markit Economics said today. Finally, the U.S. flash manufacturing purchasing managers index fell to a 52.0 reading in April from 54.6 in March, Markit said Tuesday, which is the lowest reading in six months.