This page has been archived and commenting is disabled.
China Manufacturing PMI Misses, Slides To 6 Month Lows
For the 13th month in a row, according to Bloomberg data, China Manufacturing PMI missed expectations. Printing at a 6-month low of 50.0 (against expectations of 50.2), the most notable individual component was the slump in output to a contractionary 49.5 reading for the first time since May. New export orders (umm US decoupling?) also dropped. It seems after last month's idiocy (take a look at these charts for a good laugh), that Japan's Manufacturing PMI is also catching down to reality having missed expectations and dropped to 52.1. Chinese and Japanese stocks are tumbling after this data (with Nikkei 225 200 points off US day session closing levels).
13th miss in a row, 6 month lows...
As Output and New Export Orders eased...
Not pretty...
Time to demand some moar stimulus...
"New export order growth continued to ease and led to a below-50 reading for the output sub-index for the first time since May.
Disinflationary pressures remain strong and the labour market showed further signs of weakening. Weak price pressures and low capacity utilization point to insufficient demand in the economy. Furthermore, we still see uncertainties in the months ahead from the property market and on the export front. We think growth still faces significant downward pressures, and more monetary and fiscal easing measures should be deployed.”
The reaction...
Charts: bloomberg
»
- 3990 reads
- Printer-friendly version
- Send to friend
- advertisements -
Just wait until the PBoC goes YUANabolic.
China is getting into the reserve currency game just in time for the world to go full retard and the currency war that Japan is starting will make it extra special.
WELL. they are still burning the shyt out of coal..
http://hedgeaccordingly.com/2014/11/can-china-really-slow-its-energy-use...
Bullish.... they will do qe build some ghost cities and 2-3 percent on the S&P
Build and they will come - with a 10 years visa to the U.S.
Ruh roh
China economy is 2 steps behind Japan in biflationary terms: fixed costs will rise a bit slower and demand will stagnate more gradually
Seems that way.
In China they hunt the Truth . Once found , it is made an offer it cannot refuse .
But once in a while , they snare a Boojum .
You are about 3 times richer than you think .
See
https://www.academia.edu/9405720/The_Economics_of_Disrespect_Update_I
or
http://andreswhy.blogspot.com/2014/11/the-economics-of-disrespect-update...