Chinese Ministry releases bearish PMI for October
Published: Wednesday, 02 November 2011
Exports of minerals are lower and raw material price has dropped
Despite bullish signals last week from HSBC the Chinese
Ministry of Information said on Tuesday that the Chinese
manufacturing purchasing managers index was in fact down month
on month, at 50.4 in October.
This negates the HSBC flash index which last week said that
the PMI hit a five-month...