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China manufacturing PMI plunges most since 2009.

The global economy continues to slow led by Europe and China. The HSBC Flash China Manufacturing PMI is at a 7-month low. Moreover manufacturers report the sharpest decline in new export orders since March 2009.

Key Points

Flash China Manufacturing PMIâ„¢ at 48.1 (48.4 in May). 7-month low.
Flash China Manufacturing Output Index at 49.1 (49.7 in May). 3-month low.