China’s PMIs were all out on the weekend and sent very mixed messages. The official PMI boomed with everything at the fastest pace in five years:
Aug-16 | 50.4 | 52.6 | 51.3 | 49.7 |
Sep-16 | 50.4 | 52.8 | 50.9 | 50.1 |
Oct-16 | 51.2 | 53.3 | 52.8 | 49.2 |
Nov-16 | 51.7 | 53.9 | 53.2 | 50.3 |
Dec-16 | 51.4 | 53.3 | 53.2 | 50.1 |
Jan-17 | 51.3 | 53.1 | 52.8 | 50.3 |
Feb-17 | 51.6 | 53.7 | 53 | 50.8 |
Mar-17 | 51.8 | 54.2 | 53.3 | 51 |
Apr-17 | 51.2 | 53.8 | 52.3 | 50.6 |
May-17 | 51.2 | 53.4 | 52.3 | 50.7 |
Jun-17 | 51.7 | 54.4 | 53.1 | 52 |
Aug-17 | 51.7 | 54.1 | 53.1 | 50.4 |
Sep-17 | 52.4 | 54.7 | 54.8 | 51.3 |
And the chart:
The services PMI also shot up 1.8 points to 54.4% with construction leading the way:
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