Economy News Headlines - Yahoo! News: China HSBC PMI slips to nine-month low of 48.2 in June

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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 PMI slips to nine-month low of 48.2 in June Jul 1st 2013, 02:00 BEIJING (Reuters) - China's factory activity shrank for a second straight month in June and reached its lowest in nine months as new orders fell despite price cuts by producers, a private survey showed on Monday, reinforcing signs of economic slowdown in the second quarter. The HSBC/Markit Purchasing Managers' Index (PMI) for June retreated to 48.2, the lowest level since September 2012 and down from May's final reading of 49.2. It was in line with a preliminary reading of 48.3 released on June 20. A reading below 50 indicates a contraction of activities while one above shows expansion. ... Media files: 2013-07-01T020059Z_1_CBRE96005LX00_RTROPTP_2_CBUSINESS-US-CHINA-ECONOMY-PMI-HSBC.JPG (image/jpeg)

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