China PMI Plunges Most In 28 Months, Reverts To HSBC's Reality
Color us not stunned at all. China's Manufacturing PMI finally reverted to the reality that HSBC's Manufacturing PMI has been arguing for and fell for the first time in six months. The drop is the largest since February 2010. While still above 50 (though the lowest level of expansion in five months) it seems another engine of global growth just sputtered finally - as the real impact of a European depression and fiscally challenged US hit home.
- Posted: May 31, 2012 9:15pm
- Submitted by:Category: Low Impact Breaking NewsViews: 1,440Comments: 0