China Services PMI Jumps Most On Record To 18-Month Highs

While Markit's Manufacturing PMI fell in August, the apparent demand for 'services' in China exploded. China Services PMI jumped from the worst on record 50.0 in July to 54.1 in August (18-month highs). This is the biggest MoM rise in the data on record... because they can. We have nothing to add because it's simply becoming too surreal and manipulated for rational explanation.

HSBC is quick to note that it's not all unicorns and ponies and that more stimulus sis till needed.

“The headline HSBC China Services PMI rebounded to a seventeen-month high of 54.1 in August, after registering an all-time low reading in July. Apart from the rebound in the headline number, other indices suggest a mixed picture rather than a broad-based improvement. The economy still faces downside risks to growth in the second half of the year from the property sector slowdown. We think policy makers should use further easing measures to help support the recovery.”

Comments

[Dr. Engali]

Imagine that, a bank wanting further easing. Inconceivable!

[gmak]

I don't think that word means what you think it means

   - The Princess Bride.

[LetThemEatRand]

Funny how this article immediately jumped down two spots on ZH just minutes after it was posted, dropping below two older articles.  I hand it to you guys for reporting the "good" news (even as you say it's fake), but immediately jumping the article down is a bit telling.  

Speaking of which, and just playing devil's advocate, why did the Chinese fake the numbers down in dramatic fashion in July?

EDIT:  dropped down 2 more slots in the last 15 minutes, on old stories being advanced up.

[Dr Strangemember]

Rejoice!!!!!!!!!!!!!!!!!!!

[jubber]

so yesterday Chinese property market was crashing, Chinese Banks causing more jitters, today Hang Seng up nearly 600 points/2.3% with property stocks & Banks going crazy...anyhow although even Goldman don't believe Chinese figures market has gone full retard wiping out all losses from yesterday, S&P back to new all time highs and Europe going crazy...ironically it is the Nikkei that is the only Index struggling this morning

[taraxias]

Central planners and central bankers have manipulated and distorted every economic indicator to such an extend as to make it meaningless and useless. The markets are no longer pricing mechanisms, they are a policy tool and a complete farce.

I have a lot to lose if the system collapses but I hope and pray for it every day because this has gone too far. It's time to say enough, collapse this bitch and start over again. Unfortunately since they own the printer and control everything to do with that fiction called money, it seems that only an act of god can put an end to this at this point.

I hope there is one out there and decides to show with his nastiest side soon because I am starting to lose faith.