Swiss Economicblogs.org
Macroview Nonmanufacturing helped by construction, but growth may slow given stimulus pull-back China’s official and Caixan purchasing manufacturing indices (PMI) declined in June. The official figure stood at 50 (down from 50.1 in May), right at the mid-point between expansion and contraction, while the Caixin PMI fell to 48.6. At the same time, the official PMI figures show that activity at large companies, many of them state owned, was much stronger than at small and medium-sized...
Read More »Chinese nonmanufacturing activity holds up, but manufacturing slightly down
