March HSBC/Markit China PMI At 48.1
HSBC/Markit PMI fell from 49.6 to 48.1.
Archive for March, 2012
Tanker Weekly – March 12, 2012
Baltic Dirty Tanker Index rose 3.5%; Baltic Clean Tanker Index fell 3.1%.
Dry Bulk Weekly – March 12, 2012
Baltic dry index rose 6.9% last week; Capesize Index was down 1.4%; Panamax Index rose 5.3%; Supramax Index was up 16.0%; Handysize Index rose 7.3%.
Iron ore inventory at Chinese ports close to all-time high; price pretty much unchanged. Steel stockpiles spiked upwards while price remained flat. Thermal coal inventory fell from a all-time high reached this year, price moved lower.
February Nonfarm Payrolls Rose 227.000; Private Payrolls Up 233.000; Unemployment Rate At 8.3%
Nonfarm payrolls rose 227.000 in February; Consensus was at 210.000; January reading was an increase of 284.000 (revised up 41.000). Unemployment was reported at 8.3% vs. prior reading and consensus of also 8.3%.
Private payrolls were up 233.000 vs. 225.000 consensus and 285.000 reading in January (revised up 28.000).
Strong set of figures.
U.S. GDP Growth in Q4 2011 Revised To 3.0%
U.S. GDP growth for Q4 was revised yesterday from 2.8% to 3.0%; consensus was at 2.8%. Q3 2011 reading was at 1.8%.
China Official PMI For February At 51.0
Official (China Federation of Logistics & Purchasing and National Bureau of Statistics) China PMI rose form 50.5 to 51.0. Consensus was at 50.9.
HSBC/Markit PMI was reported earlier at 49.6 rising from January reading 48.8.