Chinese PMIs slow

Wednesday 31 January 2018

China’s January PMI is out and growth has slowed. The manufacturing index softened:

The chart looks a toppy:

It’s been a cold Winter which may have overloaded the seasonal adjustments and there are the pollution shutdowns but, hey, slowing is slowing.

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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.