The global economy continues to weaken, but not in a straight line as China rebounded somewhat, with Japan deteriorating further.
HSBC China Services PMI™ rebounded with the first increase in manufacturing in five months.
July’s survey findings showed business activity (covering manufacturing and services) in China rising at the join-fastest rate in nine months. This was signalled by the HSBC Composite Output Index posting 51.9, up from 50.6 in June. Overall growth reflected an increase