China Flash PMI falls further

Wednesday, 24 July 2013

The China Flash PMI for July is out and there ain’t no good news here, falling another 0.5 points to a one year low of 47.7:

And, it’s all getting worse at a good clip as well:

Rebalancing or bust! The dollar has now seen sense and is falling…

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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.