China steel PMI craters

Tuesday, 1 December 2015

Here it is, in all of its volatile glory:

Nov. Oct. Sept. Aug. July June May
Steel Industry PMI 37.0 42.2 43.7 44.7 41.0 37.4 42.4
Output 35.4 43.1 44.6 47.5 41.0 34.2 40.7
New Orders 29.7 37.9 40.7 39.9 36.6 27.9 37.6
New Export Orders 41.2 39.3 40.7 54.5 56.1 50.7 43.7

And the chart:

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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.