Chinese PMIs sucked back into property black hole

Thursday, 30 November 2023

From China’s NBS just now.

In November , the manufacturing purchasing managers index ( PMI ) was 49.4% , down 0.1 percentage points from the previous month, and the prosperity level of the manufacturing industry dropped slightly.

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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.