China PMI recovery continues

Thursday, 1 December 2016

China has released its November PMIs and shows a little acceleration to 51.7. New orders were up a little too at 53.9. New export orders also rebounded to 50.3:

And the chart:

In two words: solid recovery. Services came in at 54.7 up from 54.

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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.