China Flash PMI rips

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And so, mini-stimulus delivers:

  • Flash China Manufacturing PMI™ at 52.0 in July (50.7 in June). 18-month high.
  • Flash China Manufacturing Output Index at 52.8 in July (51.8 in June). 16-month high.
  • Data collected 11–22 July 2014.

Very healthy internals:

dfgds sdfas

A double positive in domestic and international new orders. Aussie popped 25 pips.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.