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Both China PMIs for August show contraction [ClearOnMoney]
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Both China PMIs for August show contraction

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Commentary

Both China PMIs for August show contraction

3 Sep 2012 by Jim Fickett.

The government PMI for China came out Saturday, and the HSBC version came out today. Both are clearly showing contraction, which is worse than the last few months. The PMI is volatile, and in general one should not place too much weight on it. However this does suggest the recovery is not going quite as well as official industrial production data indicate (compare China industrial production growth stable since April).

(For sources see the Reference page China PMI.)