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22 Mar 2013
Forex Flash: Flash Chinese MNI indicator drops in March - Nomura
FXstreet.com (Barcelona) - Nomura economist Zhiwei Zhang notes that the MNI China flash business sentiment indicator fell to 58.39 in March from 60.98 in February.
He writes, “The production sub-component dropped to 56.72 in March from 57.89 in February, and the new order sub component fell to 56.34 from 58.24. The signal from the MNI indicator today conflicts with the improvement of the HSBC flash PMI released yesterday. We maintain our view of a shallow economic recovery.”
He writes, “The production sub-component dropped to 56.72 in March from 57.89 in February, and the new order sub component fell to 56.34 from 58.24. The signal from the MNI indicator today conflicts with the improvement of the HSBC flash PMI released yesterday. We maintain our view of a shallow economic recovery.”