China PMI not so flash

Tuesday 23 April 2013

The April Flash PMI for China is out and looks pretty tarnished, down 1.1 points to 50.5 in April. The internals expose moderate local demand but a weakening global economy in falling new export orders:

A weak report. The dollar fell 20 pips and stocks shed 15 points.

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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.