China’s official PMI crawls into the positive

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China’s October official PMI has managed to crawl back into positive territory up …points to 50.2, right on expectations. Perhaps someone should tell the Chinese that the odd miss will make them look more credible!

New orders and new export orders improving both are doing so at a significantly slower rate after just one month in the positive.

There is nothing special about this release at all. Global zombie marches on.

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.