24
Jul
01:00
HSBC China PMI surges to 18-month high
HSBC’s flash China manufacturing Purchasing managers’ Index (PMI) hit 52 in July, up from a final reading of 50.7 in June and marking an 18-month high. The sub-index for new orders also hit an 18-month high of 53.7, Kallanish notes.
"Economic activity continues to improve in July, suggesting that the cumulative impact of mini-stimulus measures introduced earlier is still filtering through," said HSBC’s chief China economist, Qu Ho…
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Anonymous
Very good overview of the weekly steel market.
Anonymous