Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

China’s Services Economy Growth Just Cratered

Courtesy of ZeroHedge. View original post here.

Amid the global growth party of hope-strewn PMIs across the world (all of which have been shown time and time again to hold zero correlation to actual economic data), China's non-manufacturing data just puked in the punchbowl, crashing to its weakest level since May 2016 (despite amodest uptick in manufacturing).

Is China's lagged credit impulse finally starting to leak into reality?

Manufacturing PMI rose from 51.4 to 51.7 in August but employment fell, new export orders fell, and both input and output prices soared. Notably large enterprises actually downticked with medium-size entities the most hopeful.

On the services side, non-manufacturing PMI tumbled to 53.4 (still expansionary, we hear bulls cry) – the weakest since May 2016 as new orders, business expectations, and inventories weakened.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!