Who was around on New Year's Day? ICYMI, the official China manufacturing PMI came in at 49.7
Pre-empting somewhat the poor performance from today's private-sector manufacturing PMI ( China - Caixin Manufacturing PMI for December: 48.2 (expected 48.9) )
ANZ have weighed in, saying the evidence from both indicates GDP growth in Q4 is unlikely to have improved from Q3:
Hard to disagree with them. Some indicators have been stabilizing, but that probably the best that can be said for China growth. Hmmm, and even that's likely to be a stretch I reckon.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.