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HSBC China May PMI falls to 48.7 from April reading of 49.3
The May reading marks the seventh straight month the index has been in contractionary territory. A reading below 50 indicates contraction from the previous month, while anything above that indicates growth.
7 months... recession.
The May reading marks the seventh straight month the index has been in contractionary territory. A reading below 50 indicates contraction from the previous month, while anything above that indicates growth.
7 months... recession.