China’s Flash PMI falls again

Thursday, 21 June 2012

China’s HSBC Flash PMI for June is out has fallen to a seven month low, down 0.3 to 48.1. The internals are actually worse with output falls slowing but leading indicators weakening further:

This is not a great report and rightly neither the ASX nor dollar enjoyed it.

China

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.