Copper & Yuan Tumble As China Manufacturing PMI Drops To Lowest In 8 Months, Output Plunges

by Tyler Durden
ZeroHedge.com
03/23/2014

HSBC’s Flash China Manufacturing PMI printed at 48.1 (against a hope-strewn 48.7 bounce expectation). This is the lowest in 8 months and among the lowest prints since Lehman. Even the usually silver-lining-seeing HSBC Chief economist had little positive to add, “weakness is broad-based with domestic demand softening further.” Early strength in CNY, stocks, and copper is eroding fast.

The Rest…HERE

This entry was posted on Sunday, March 23rd, 2014 at 11:07 pm and is filed under China, Economics. You can follow any responses to this entry through the RSS 2.0 feed.