Coke Market Report February 2014
2014-03-04 12:16:32 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1. Financial overview
HSBC manufacturing PMI, which hit the lowest level in recent seven months and caused butterfly effect, kept on falling to 48.3 in February after the index was lower than 50 in January. All subitems were below 50, indicating that production and operation of small and middle-sized manufacturing enterprises slowed down amid weak demand.
Two-month weak PMI seemed to further strengthen soft economic growth since last Q4, and the market concerned that continuously declining economy like last H1 would be seen again. Qu Hongbin, chief economist of greater China region of HSBC highlighted that deflation pressure increases gradually, and potential momentum of growth for manufacturing may weaken, so decision makers should make slight adjustments to maintain steady economic growth in the year.
HSBC manufacturing PMI, which hit the lowest level in recent seven months and caused butterfly effect, kept on falling to 48.3 in February after the index was lower than 50 in January. All subitems were below 50, indicating that production and operation of small and middle-sized manufacturing enterprises slowed down amid weak demand.
Two-month weak PMI seemed to further strengthen soft economic growth since last Q4, and the market concerned that continuously declining economy like last H1 would be seen again. Qu Hongbin, chief economist of greater China region of HSBC highlighted that deflation pressure increases gradually, and potential momentum of growth for manufacturing may weaken, so decision makers should make slight adjustments to maintain steady economic growth in the year.
