China's factory activity likely expanded only slightly in February, a Reuters poll showed, dropping to an eight-month low that would indicate a modest slowdown is continuing. China's official manufacturing purchasing managers' index (PMI) may slip to 50.1, down from January's 50.5, according to the median forecast of 12 economists in the poll. A preliminary survey released last week by HSBC and Markit Economics showed that the factory sector activity hit a seven-month low of 48.3, from 49.5 in January. "Usually we observe if the HSBC PMI has seen such a big decline, then the official one will also see a similar downward trend, but not as bad," said Wei Yao, China economist at Societe Generale in Hong Kong.
via Business News - Yahoo Finance http://ift.tt/1cTiwBv
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