Archives of “March 2020” month
rssFound this buried in the Federal Reseve notes of December 1918..
Thought For A Day
China official PMIs February: Manufacturing 35.7 (expected 45.0) Non-manufacturing 29.6 (expected 51.0)
China’s economy was hit hard right from the Lunar New Year holiday and the weeks after from the coronavirus outbreak.
- deaths now number >3,000 in China
- Severe travel restrictions
- Severe actions on public health
- Business closures
Manufacturing 35.7, this is the lowest ever recorded for this indicator.
- expected 45.0, prior 50.0
Non-manufacturing 29.6 … I mentioned during the week I was surprised the ‘expected’ for this was still in expansion. And here we are, deepest in contraction ever recorded
- expected 51.0, prior 54.1
Composite 28.9
- prior 53.0
