CNY
Manufacturing PMI
35.7
Non-Manufacturing PMI
29.6
ouch
China’s factory activity plunges to all-time low, worse than global financial crisis, February data show
Manufacturing PMI
35.7
Non-Manufacturing PMI
29.6
ouch
China’s factory activity plunges to all-time low, worse than global financial crisis, February data show
- China’s official manufacturing purchasing managers’ index (PMI) dropped to 35.7 in February from 50.0 in January, below the 38.8 figure reported in November 2008
- The non-manufacturing PMI – a gauge of sentiment in the services and construction sectors – also dropped to 29.6 from 54.1 in January, the lowest since November 2011
Rule No.1: Never lose money. Rule No.2: Market is always right !