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Mixed signals from China's PMI [ClearOnMoney]
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Mixed signals from China's PMI

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Commentary

Mixed signals from China's PMI

1 Nov 2011 by Jim Fickett.

Today both the public and private October PMI numbers came out for China. Whereas the official government PMI seems to be continuing a long downtrend, the private PMI seems to have bottomed and begun a recovery. Note that despite a number of dire headlines, both are above 50, the dividing line between contraction and growth. As with many economic indicators globally, these readings are ambiguous, and we will have to wait for further data to know whether the world economy is bouncing back from a soft patch.

(See China PMI for sources.)