Chinese HSBC services PMI increases to 52.9 in April

Market news

6 May 2015

Chinese HSBC services PMI increases to 52.9 in April

The Chinese HSBC services PMI increased to 52.9 in April from 52.3 in March.

A reading below 50.0 indicates contraction.

The increase was driven by higher new orders and employment in the service sector.

"The latest set of PMI data indicated that Chinese service-sector companies had a strong start to the second quarter, with activity and new orders both rising solidly in April," the HSBC's chief economist for China Qu Hongbin said.

ADP report: private sector adds 169,000 jobs in April

U.S.: Unit Labor Costs, q/q, Quarter I 5.0% (forecast 4.3%)

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.