China’s non-manufacturing PMI eases

Thursday 3 April 2014

Activity in China’s non-manufacturing sector (construction etc) printed at 54.5 in March down slightly from 55 in February. Its not panic stations over there which helps explain the luke warm stimulus package. this is well above the levels we saw in the 2012 slowdown.

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.