Operating conditions deteriorate for the first time in six months Flash China Manufacturing PMI™ at 49.6 in January (50.5 in December). Six-month low.  Flash China Manufacturing Output Index at 51.3 in January (51.4 in December). Three-month low. Commenting on the Flash China Manufacturing PMI survey, Hongbin Qu, Chief Economist, China & Co- Head of Asian Economic Research at HSBC said: “The marginal contraction of January’s headline HSBC Flash China Manufacturing PMI was mainly dragged by cooling domestic demand conditions. This implies softening growth momentum for manufacturing sectors, which has already ... (full story)