Chinese PMI bellwether points to meager Q1 for minerals industry

By Laura Syrett
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 industry’s 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 China’s unofficial PMI fell to...

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