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1.Market Observations, 8.Was Sticky

1 Aug 2017 (AFR) – Construction still underpinning China’s iron ore demand

(1 August 2017, AFR, p12, by Lisa Murray)

‘China’s demand for iron ore is being underpinned by a surprisingly resilient construction sector, although the economy is expected to slow over the rest of the year as the government moves to rein in debt. While growth in business activity across China’s factories cooled slightly in July, according to the latest release of the official Purchasing Managers’ Index (PMI), the subindex for the construction sector rose to a three-year high.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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