China’s October Flash PMI improves

David Llewellyn-Smith

Wednesday, 24 October 2012

The Flash China Manufacturing PMI™ is out and is at 49.1 (47.9 in September). This is three month. Here’s the chart:

An improvement certainly but hardly a trend breaker. There is more encouragement in the components:

And here are new orders, which look a touch more convincing:

For the full release click. The dollar just caught two thermals:

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.