China Flash PMI beats

David Llewellyn-Smith

Thursday 24 October 2013

The China Flash PMI is out for October and is decent beat at 50.9 versus 50.4 expected. The internals look OK too:

Nothing startling but better than going the other way. The charts show modest growth:

Good to see no obvious blowback from the US shutdown. Dollar popped 40 pips.

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.