Chinese PMI bellwether points to meager Q1 for minerals industry
Published: Monday, 24 March 2014
China’s manufacturing output data is considered one of the chief gauges of commodity health and signs that it is slowing are expected to impact negatively on mineral prices. US and European data also showed deceleration while USGS figures indicated a less profitable mining industry last year.
Early indications of the commodity industrys
performance during the first quarter of this year point to yet
another muted three months for the mining sector.
The latest flash manufacturing purchasing managers
index (PMI) data released today by Markit Economics and HSBC
show that Chinas unofficial PMI fell to...