PMI slips back into contraction territory during May. Key points „ Flash China Manufacturing PMI™ at 49.6 (50.4 in April). Seven-month low. „ Flash China Manufacturing Output Index at 51.0 (51.1 in April). Three-month low. Data collected 13–21 May 2013. The HSBC Flash China Manufacturing Purchasing Managers’ Index™ (PMI™) is published on a monthly basis approximately one week before final PMI data are released, making the HSBC PMI the earliest available indicator of manufacturing sector operating conditions in China. The estimate is typically based on approximately 85%–90% of total PMI survey responses each month and ... (full story)