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The China PMI is out and is showing clear signs of trending up with a solid rise to 51.2, the highest in three years. New orders were strong at 52.8 though export new orders are falling:
The chart:
The non-manufacturing PMI lifted as well to 54 with an improving trend:
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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.
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