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China Manufacturing PMI Hits Nine-Month Low as Output and New Orders Decline

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The HSBC Flash China Manufacturing PMI™ is in contraction, at a nine-month low, with output and new orders in decline.

Key points

  • Flash China Manufacturing PMI™ at 48.3 (49.2 in May). Nine-month low.
  • Flash China Manufacturing Output Index at 48.8 (50.7 in May). Eight-month low.

China Flash Manufacturing PMI™ Summary

Production/Exports/PMI

Those bullish on China growth prospects need to reconsider.

Mike “Mish” Shedlock

Mike “Mish” Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.

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Mike Shedlock

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