China services PMI weakens

Advertisement

Jeez, all good news today, not. The HSBC China services PMI is out for April and fell away at 51.4 versus 51.9 in March. HSBC said:

HSBC

The composite PMI managed a small gain:

hsbc2

Goin’ nowhere fast.

Advertisement
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.
Advertisement