China Flash PMI improves a bit

Monday 23 April 2012

The China Flash PMI is out and shows a small improvement from 48.3 in March to 49.1 in April. Ouput, new orders and exports all contracted at a slower rate:

This is welcome. However, a quick look at the charts shows that the trends are all solidly sideways:

The global zombie plods on!

China Flash

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.