North Asian manufacturing eases

Friday, 1 June 2012

The PMI’s are in and it’s more subdued news with across the board slumps in the growth rates of North Asia’s manufacturing powerhouses. The other day it was Japan with the best result at a flat reading of 50.7:

Today it was China’s official PMI sinking to 50.4 and the HSBC PMI falling to 48.4:

South Korea is also out today and rolled over as well falling 0.9 to 51:

Taiwan fell similarly from 51.2 to 50.5:

All still expanding outside of China’s HSBC reading but easing within worrying downwards trends.

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.