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China factory surveys signal wider economic weakness

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Mon, 04 Jun 12 6:21 PM | 183 view(s)
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China factory surveys signal wider economic weakness

1 of 3. An investor sleeps on chairs next to computers showing stock information at a brokerage house in Wuhan, Hubei province in this February 20, 2012 file photo. China's official purchasing managers' index fell more than expected to 50.4 in May, the weakest reading this year and down from April's 13-month high, in the latest sign that output in the world's second-biggest economy is cooling.

BEIJING (Reuters) - China's economy betrayed signs of a broadening slowdown as surveys of its vast factory sector showed momentum eased in May, signaling a deeper-than-forecast deterioration in demand at home and abroad and the likelihood of more policy easing.


Credit: Reuters/Stringer/Files

Lucy Hornby and Nick Edwards

BEIJING
Fri Jun 1, 2012 5:03am EDT

link-
http://www.reuters.com/article/2012/06/01/us-china-economy-pmi-idUSBRE85002I20120601




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