China’s Flash PMI grinds higher

Friday 14 December 2012

China’s Flash PMI for December is out and the muted recovery continues, increasing from 50.5 in November to 50.9 in December:

The internals were heartening for internal demand with new orders growing nicely but not so external demand with new export orders falling:

On the whole this survey shows Chinese manufacturing grinding higher into headwinds:

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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.