Today’s Detailed Commentaries
Asia >> China: Chinese manufacturing index drops further in AugustWhy read: To keep up to date with China’s apparent continuing decline in manufacturing outputs – and to focus on the importance of Chinese GDP growth in the context of world economic recovery or recession.
Commentary: The Chinese Manufacturing Purchasing Manager’s Index (PMI) has fallen again in August to 47.8 based on preliminary figures, and Chinese inventory levels are said to be the highest on record. A PMI under 50 is taken as a signal of manufacturing contraction, whereas a PMI of over 50 is taken as a signal of manufacturing expansion.
