From Cullen Roche: “Not a good macro development overnight as China’s PMI comes in at just 50.1 – a smidge above the official contraction level and down from last month’s reading of 51.6. Although this is still technically an expansion, the rate of expansion is slowing across the board with new orders, employment, backlogs, and quantity of purchases all posting slowing growth.”











[...] PMI Slows July 1, 2011By Lance PaddockChinese PMI shows a slowing economy. This confirms HSBC’s flash PMI. While I have large concerns about China in the intermediate term, I am agnostic on the timing, but [...]
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