China Manufacturing PMI’s Edge Up In August | Tainted Alpha

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China Manufacturing PMI’s Edge Up In August

September 1st, 2010 by Belisarius

(For August 2010)

Official China PMI rose from 51.5 to 51.7; The HSBC/Markit PMI rose from 49.4 to 51.9. Reading bellow 50 means contraction. Equity markets cheerful on that despite absolute level flirting with contraction.

Chart 1. China Federation of Logistics & Purchasing and National Bureau of Statistics PMI / HSBC Markit China Manufacturing PMI

Source: Bloomberg

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This entry was posted on Wednesday, September 1st, 2010 at 1:53 am and is filed under China. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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