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China manufacturing stable or slightly contracting [ClearOnMoney]
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China manufacturing stable or slightly contracting

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Commentary

China manufacturing stable or slightly contracting

1 Aug 2012 by Jim Fickett.

Today both the private and government purchasing manager indices were released. Both came out rather near 50, the dividing line between growth and contraction. The average of the two is slightly below 50, possibly indicating contraction, though the amount of noise in the series means one should not read too much into it. It has been the case for several months now that both indices showed stagnation or slight contraction. At least things do not seem to be getting worse.

(See the Reference page China PMI for background and sources.)