Thursday, September 2, 2010

More Indications of a Cooldown of China's Economy

Nouriel Robini breaksdown the latest PMI report: Data collected by the Chinese Federation of Labor showed that the PMI rose slightly to 51.7 in August 2010 from 51.2 in July. The increase, which broke a three-month decline, is still close to the weakest recording in 18 months and well below the 55 average of late 2009 and early 2010 when China was expanding above potential. All subindexes have slowed, which indicates that the pace of expansion has cooled.

More here.

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