China March PMIs – Manufacturing 49.5 & Services 48.4
I posted earlier today on that ‘expected’ for services. Given the manufacturing PMI had been marked down on the surge in COVID-19 Covid-19 Covid-19 or the novel Coronavirus is a pandemic that has yielded wide ranging economic turmoil and volatility across financial markets in 2020. T…Read this Term cases in China in March it didn’t make sense to me that services was still expected strongly in expansion. And here we are. Yeah. Anyway, both manufacturing and services now dipping into contraction. Translates into contraction for the composite also. Let’s see what April brings for COVID-19 in China, but its difficult
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