The Traderszone Network

Published in TZ Latest News 4 June, 2014 by The TZ Newswire Staff

China Composite PMI Employment Drops At Fastest Pace Since Feb 2009

After last weekend’s schizophrenic expanding (official) / contracting (HSBC) Manufacturing PMI, China’s Services PMI printed at 50.7 – its lowest since August 2011, as the business expectations index dropped to an 11-month low. The Composite PMI improved (after 3 months of contraction) but most notably, the composite employment declines at the fastest pace since Feb 2009. What is perhaps most worrisome is, as Markit notes, The latest survey signalled the second-weakest degree of optimism since the series began in November 2005.”


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