Posts tagged 'China PMIs'

Comments and quibbles on China’s mostly-strong July trade data

The China July trade data came in surprisingly strong, and even the detail holds up fairly well — apart from a few notable quibbles.

Whether you interpret it as a sign that the growth rate has bottomed out, or just that external demand has stabilised, probably depends on how you already view Chinese growth.

On to the good, the bad and the confusing in the trade data. Here’s how we summarised the headlines in the 6am Cut: Read more

Again, with the China PMIs divergence

The official China manufacturing PMIs for July are not helping any bearish narratives. Unless you are of the opinion that the official stats are often manipulated from one month to the next.

HSBC/Markit’s number, meanwhile, stayed firmly at 47.7, in contrast to the official PMI rising to 50.3 from 50.1 in June. Yep, we’re here, again, attempting to understand the mysteries of the China PMIs. Read more