China PMI 48, Confirms Global Slowdown
China’s PMI was 48, which shows a contraction in the manufacturing sector. The number was 51 last month, a sign of a modest expansion. According to MarketWatch, “It’s not a great number,” said Michael Turner, strategist at RBC Capital Markets.…
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China’s PMI was 48, which shows a contraction in the manufacturing sector. The number was 51 last month, a sign of a modest expansion.
According to MarketWatch, “It’s not a great number,” said Michael Turner, strategist at RBC Capital Markets. “China is really a key part of the global-growth mix for next year. … If China starts to show signs of weakness then you have to question where the growth is going to come from.”
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