» China’s PMIs: Signs of Improvement, or a Deepening Slump? Decision Economics

China’s PMIs: Signs of Improvement, or a Deepening Slump?

Posted October 3, 2012 by rvillareal

  • A faint sign of improvement suggested by the September manufacturing PMIs.  The headline series rebounded to just-within-two-tenths of expansion range.  The Output-PMI, which had dropped from a strong 57 in April to a barely-expansion-range 50.9 in August, increased to 50.3—also the first upward movement of the series of the last five months.  Save employment, all components exhibit the same improving trend shown by the headline index, an improvement that put them outside– but very close to– expansion range.
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