30
Sep
01:00
Chinas revised manufacturing PMI disappoints
The HSBC China manufacturing purchasing managers’ index (PMI) for September has come in at 50.2, level from August and down from a flash reading released last week of 50.5. This means one of the few pieces of positive economic news in recent weeks has turned out to be misleading, Kallanish notes.
A PMI over 50 indicates an improvement in conditions. The increase in the flash PMI last week was a highlight in a week of downbeat news of falling house pric…
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Anonymous
Very good overview of the weekly steel market.
Anonymous