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China PMI Misses

More signs of weakness in the Chinese economy as the PMI comes in lower than expected.  This can’t be a good sign for global growth and especially emerging markets (via Markit):

Key points

  • Flash China Manufacturing PMI™ at 48.1 in March (48.5 in February). Eight-month low. 
  • Flash China Manufacturing Output Index at 47.3 in March (48.8 in February). Eighteen-month low.

“The HSBC Flash China Manufacturing PMI reading for March suggests that China’s growth momentum continued to slow down. Weakness is broadly-based with domestic demand softening further. We expect Beijing to launch a series of policy measures to stabilize growth. Likely options include lowering entry barriers for private investment, targeted spending on subways, air cleaning and public housing, and guiding lending rates lower.”


Source: Markit

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