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China Manufacturing Unexpectedly Contracts In Blow To Growth

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http://www.bloomberg.com/news/2013-05-23/china-manufacturing-contracts-for-first-time-in-seven-months.html

China’s manufacturing is contracting in May for the first time in seven months, adding to signs that economic growth is losing steam for a second quarter.

The preliminary reading of 49.6 for a Purchasing Managers’ Index (EC11FLAS) released today by HSBC Holdings Plc and Markit Economics compares with a final 50.4 for April. The number was also below the 50.4 median estimate in a Bloomberg News survey of 13 analysts. A reading above 50 indicates expansion.

More "unexpected" news.

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it is unexpected because China would be expected to lie. Electricity usage/generation has pointed to a slowdown many moons ago.

Correct. China is a giant mortgage Ponzi just like the UK.

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  • 238 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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