China services PMI jumps but…

Via Markit:

Better but it’s still shite. Remember that these are directional indexes so things getting better is pretty meaningless if the base is disastrous, which it is.

I’d like see these indexes well north of 60 if we were going to see any kind of v-shaped recovery worthy of the name.

Houses and Holes
Latest posts by Houses and Holes (see all)

Comments are hidden for Membership Subscribers only.