Monthly Archives: March 2016

China manufacturing PMI disappointed but indicates better expectation

China’s NBS manufacturing PMI disappointed at 49.0 in February, extending a seven-month contraction and touching a seven-year low (Consensus: 49.4). The decline was led by a moderation in new orders (48.6, previous: 49.5) and production (50.2, previous: 51.4). The disappointing PMI reading was also accompanied by a deterioration in employment conditions (47.6, previous: 47.8) and the import index… Read More »