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, ORDERS KEEP FALLING.

  • imageFlash China General Manufacturing PMI™ at 47.1 in August (47.8 in July). 77-month low.
  • Flash China General Manufacturing Output Index at 46.6 in August (47.1 in July). 45-month low.

Nothing positive in this report. New orders, domestic or export, are declining at a faster rate. Actually, Japan’s flash PMI survey reported reduced sales volume with China. Not a slowdown, rather an absolute decline.

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JAPAN FLASH MANUFACTURING PMI RISES TO 51.9

  • imageFlash Japan Manufacturing PMI™ at 51.9 (51.2 in July).Operating conditions improve at second fastest pace this year so far.
  • Flash Japan Manufacturing Output Index at 51.9 (52.2 in July). Growth in production little-changed from July’s five-month high.

Latest survey data indicated a further improvement in operating conditions in the Japanese manufacturing sector. New order growth accelerated to the second fastest this year so far, while production increased at a similar pace to July’s five-month record. In contrast, new orders from abroad rose at a slower pace, with reports of reduced sales volumes with China dampening international demand.

Meanwhile, input prices declined for the first time since November 2012, albeit at a marginal rate.

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