Edge and Odds

The enemy of knowledge is not ignorance, it’s the illusion of knowledge (Stephen Hawking)

It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so (Mark Twain)

Edge and Odds

Invest with smart knowledge and objective odds

CHINA FLASH MANUFACTURING PMI DROPS TO 49.2

  • Flash China Manufacturing PMI™ at 49.2 in April (49.6 in March). 12-month low.
  • Flash China Manufacturing Output Index at 50.4 in April (51.3 in March). Three-month low.

imageOperating conditions in China’s manufacturing sector deteriorated slightly for the second month running in April, with the flash reading of the PMI falling to a one year
low.

Production increased only marginally, while total new business declined for the second successive month. Relatively weak demand conditions were also highlighted by stronger deflationary pressures in the sector, with both input and output prices falling at faster rates. Meanwhile, job shedding across manufacturing firms was recorded for the eighteenth month in a row.

On a brighter note, demand from overseas improved in April, with new export work rising for the first time in three months.

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