Goldman on the Caixin PMI.
China’s Caixin manufacturing PMI rose to 50.4 in August from 49.8 in July.
Among major sub-indexes, the new order sub-index increased to 50.3 from 49.2 and the output sub-index rose to 50.7 from 50.2.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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