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China PMIs probably indicate growth [ClearOnMoney]
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China PMIs probably indicate growth

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Commentary

China PMIs probably indicate growth

31 Dec 2012 by Jim Fickett.

Both China PMIs are above the 50.0 value that divides shrinkage in manufacturing from growth. But note that while the government PMI is 0.6 above the neutral value, and the HSBC PMI is 1.5 above the neutral value, it is clear from the historical graph that the precision of the measure is only about +/- 2. So we are probably seeing low growth, but we might really be seeing no growth at all and random noise in the PMIs.

See the Reference page China PMI for sources, background and previous commentary.