Courtesy of Mish.
The HSBC Flash China Manufacturing PMI™ is in contraction, at a nine-month low, with output and new orders in decline.
Key points
- Flash China Manufacturing PMI™ at 48.3 (49.2 in May). Nine-month low.
- Flash China Manufacturing Output Index at 48.8 (50.7 in May). Eight-month low.
China Flash Manufacturing PMI™ Summary
Production/Exports/PMI
Those bullish on China growth prospects need to reconsider.
Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com
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