China Economy

China PMIs sag

David Llewellyn-Smith
Monday 1 July 2024
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China’s June PMIs are out and it ain’t pretty. Goldman has more.

The NBS manufacturing PMI headline index stayed flat at 49.5 in June.

Among major sub-indexes of NBS manufacturing PMI, the new orders sub-index edged down to 49.5 from 49.6, and the output sub-index decreased to 50.6 from 50.8,while the employment sub-index stayed flat at 48.1

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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.