| Online: | |
| Visits: | |
| Stories: |
| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
1/10/15: China PMIs: Signalling Deeper Problems Ahead
trueeconomics.blogspot.com / by Constantin Gurdgiev / October 1, 2015
Latest Manufacturing and Services PMI data for China posted a strong signal of continued deterioration in the economy.
Manufacturing PMI came in at the lowest levels since March 2009, posting 47.2 in September, compared to 47.3 in August, and marking 7th consecutive month of sub-50 readings. Over the last 12 months, Manufacturing PMI reached above 50.0 in just two months, hit exactly 50.0 in one (marking zero growth in the sector) and was below 50 (marking contraction of activity) in the rest. Last time Manufacturing PMI was statistically above 50.0 was in July 2014 and last time it happened before then was in October-November 2013. In other words, there has not been statistically significant growth singled by Manufacturing PMIs for some two years now.
Per Markit release, things were even worse than the headline Manufacturing index suggested:
The post 1/10/15: China PMIs: Signalling Deeper Problems Ahead appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/10/01/11015-china-pmis-signalling-deeper-problems-ahead/
