China’s offical PMI slows

Monday 1 July 2013

Manufacturing activity in China slowed in June, in line with expectations, to 50.1, a fall from 50.8 in the previous month.

Meanwhile, South Korea’s PMI also fell from 51.1 in May to 49.4. Japan’s PMI jumped on Friday to a mutli-year high of 52.3. God help us all if Abenomics catches 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.