China Flash PMI firms

Wednesday, 25 February 2015

HSBC has released its China Flash PMI for February and the news is a little firming from 49.7 last month to a minor expansion of 50.1 in February. Markets expected 49.5 so it was healthy beat. New orders and output improved:

New export orders not so good:

Certainly evidence of stabilisation. Aussie challenging 79 cents now.

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.