China Flash PMI positive

Thursday 22 August 2013

China’s Flash PMI is out and jumped back into positive territory in August at 50.1 up from 47.7:

The internals showed it was driven by domestic demand:

A solid jump and better than going the other way but still weak. The dollar shot up half a cent but I’ll be surprised if it lasts. Fortunes are now reversed. Economic strength means taper, means lower dollar.

6db45ffe4c024d7aadb1e6e701bd9f02.pdf by Lauren Frazier

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.