Economy News Headlines - Yahoo! News: China HSBC Flash PMI falls, points to tepid second-quarter recovery

Economy News Headlines - Yahoo! News Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on top economy stories, photos and more.

China HSBC Flash PMI falls, points to tepid second-quarter recovery Apr 23rd 2013, 02:42 By Kevin Yao BEIJING (Reuters) - Growth in China's vast factory sector dipped in April as new export orders shrank, a preliminary survey of factory managers showed on Tuesday, suggesting the world's second-largest economy still faces formidable global headwinds into the second quarter. The flash HSBC Purchasing Managers' Index for April fell to 50.5 in April from 51.6 in March but was still stronger than February's reading of 50.4. A sub-index measuring new export orders fell to 48.6 in April from 50.5 in March, reflecting weaker global demand as the U.S. ... Media files: 2013-04-23T024238Z_1_CBRE93M06P700_RTROPTP_2_CHINA-ECONOMY-PMI.JPG (image/jpeg)

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