Chinese PMIs not encouraging

Monday 2 December 2024

Chinese PMIs are out. The headlines will be about lifting manufacturing, but overall this is a weak report.

In November , the manufacturing Purchasing Managers’ Index ( PMI ) was 50.3% , up 0.2 percentage points from the previous month, and the pace of manufacturing expansion accelerated slightly.

The problem is the Services PMI fell away.

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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.