China Flash PMI tanks

Advertisement

This won’t help iron ore (or maybe it will in this upside down world):

Flash China Manufacturing PMI™ at 49.2 in March (50.7 in February). 11-month low.

2
5678

Expected was 50.5. Dollar hit 30 pips.

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.