For the 13th month in a row, according to Bloomberg data, China Manufacturing PMI missed expectations. Printing at a 6-month low of 50.0 (against expectations of 50.2), the most notable individual component was the slump in output to a contractionary 49.5 reading for the first time since May. New export orders (umm US decoupling?) also dropped.
Published in TZ Latest News 19 November, 2014 by The TZ Newswire Staff
China Manufacturing PMI Misses, Slides To 6 Month Lows
Published in TZ Latest News 19 November, 2014 by The TZ Newswire Staff
China Manufacturing PMI Misses, Slides To 6 Month Lows
For the 13th month in a row, according to Bloomberg data, China Manufacturing PMI missed expectations. Printing at a 6-month low of 50.0 (against expectations of 50.2), the most notable individual component was the slump in output to a contractionary 49.5 reading for the first time since May. New export orders (umm US decoupling?) also dropped.