MONTREAL – The latest survey of China’s purchasing managers, an early gauge of changing economic conditions, indicated a weakening of domestic demand, adding to concern of a slowdown throughout Asia, although data from South Korea and Singapore looks more positive.
The HSBC/Markit flash PMI, which comes out ahead of the government’s data. was reported at a lower than expected 48.1, the fifth consecutive month under the neutral 50 level, and down from 49.6 February.
