China’s economy continues to weaken
The manufacturing sector--thanks to the U.S.-China trade war--continues to slow China’s economy. But the real problem may be an underperformance in the services sector that makes it impossible for that sector to pick up the slack. The end result is that the third...Saturday Night Quarterback (on Monday) says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Pick which data to believe: China’s manufacturing sector is either growing or it’s not
According to the HSBC/Markit Economics survey of purchasing managers, China’s manufacturing sector slowed in July with the PMI for manufacturing falling to 47.7 from 48.2 in June. In this survey any reading below 50 indicates contraction. The 47.7 reading is an 11-month low. But official data released by the government yesterday put the PMI for manufacturing at 50.3 and in expansion territory rather than contraction.