Chinese Flash PMI at 11 Month Low

by Marilou Moursund on July 24, 2013

in Economic Indicators,Foreign Markets,manufacturing

A few days after the Chinese government said that growth would not fall below 7.0%, the Chinese flash PMI fell for the third month in a row to 47.7.  China has been very proactive in trying to stop a bubble from occurring, and they still have plenty of room for policy adjustments to address slowing growth.

Europe’s PMI surprised on the upside with a reading of 50.1 versus last month’s reading of 48.8.  Any number above 50 shows expansion.  This is good news for Europe.

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