China's Feb HSBC flash PMI retreats from 2-year high
Reuters: Beijing, Feb 25 2013, 09:10 IST
that the index has been above 50 despite its retreat. Prior to the turnaround that began in November 2012, the index had languished below 50 for 12 straight months.
The HSBC PMI survey is based on a poll of purchasing executives from over 420 manufacturing firms. The flash PMI is compiled from responses from 85 percent to 90 percent of that pool. The final results will be published on March 1.
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