China’s Economic Outlook Remains Mixed

China’s official Purchasing Managers’ Index (PMI) for non-manufacturing industries brings some glass-half-full cheer to those who believe the slowdown in the economy’s growth has come to an end. It rose to a three-month high of 56.7 for June, up from May’s 55.2. The glass-half-empty crowd will point to the continuing weakness in manufacturing. At 50.2 for June, its official PMI was barely above the line dividing expansion from contraction, a line below which the unofficial HSBC PMI, which is weighted towards export-oriented small and medium-sized companies, already hovers.

Advertisements

Leave a comment

Filed under Economy

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s