CHINA PREVIEW: Feb. Industrial Output Seen Growing Less Than 6%
Source: BFW (Bloomberg First Word)
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(Bloomberg) -- China’s Feb. industrial production due tomorrow may slow further as recent factory PMI data suggests continued deterioration in manufacturing activities, Bloomberg analysis shows.
Alert: HALISTER1- Industrial production data due 1.30pm local time on March 12; probably fell to 5.6% from 6.1% in Jan., according to median estimate in Bloomberg survey; range of ests. from 5.4% to 10.7%
- Feb. manufacturing PMI at 49.0, matching lowest level seen in Nov. 2011
- Correlation between industrial output and manufacturing PMI is at 0.703 in past six years; see trend of two here
- Offshore yuan little changed at 6.5053 per dollar
Source: BFW (Bloomberg First Word)
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UUID: 7947283