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flash PMI

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25 July 2015 (AFR) – Australian dollar falls below US73¢ on China data shock

(25 July 2015, AFR, p40, by Vanessa Desloires ) ‘The Australian dollar plummeted to a fresh six-year low on Friday, falling to US72.68¢ after Chinese manufacturing output data unexpectedly hit a 15-month low.  The local currency fell a much as half a cent from US73.47¢ to US72.92¢ just after midday following a surprise fall in the Caixin/Markit China flash manufacturing purchasing managers’ index (PMI) … Continue reading

26 Feb 2015 (AFR) – China manufacturing hits four-month high

(26 Feb 2015, AFR, p18, Angus Grigg) ‘Consumer sentiment in China remains at historically weak levels, even as a pick-up in domestic demand ahead of the Lunar New Year holiday drove a slight improvement in the country’s giant manufacturing sector. The HSBC Markit Flash PMI hit a four month high of 50.1 on Wednesday, surprising … Continue reading

17 Dec 2014 (AFR) – China economy fears despite data revision / discovery

(17 Dec 2014, AFR, p30, Lisa Murray AFR correspondent) ‘Chinese statisticians believe the economy is roughly 1.7 trillion yuan ($333 billion) larger than previously thought, having identified some ­missing activity in the latest census. However, the reassessment is unlikely to shake off doubts about the reliability of China’s economic data or concerns about its growth outlook. On … Continue reading

22 Aug 2014 (AFR) – China’s factory production disappoints: HSBC

(22 August 2014, AFR, p30, Lisa Murray) ‘China’s manufacturing ­sector slowed sharply in August, prompting speculation the government will be forced to do more to ­stimulate the economy, which is being dragged down by a weak ­property sector.’ <snipped…> ‘The survey, compiled by HSBC and Markit Economics, follows a worrying drop in new lending last month and … Continue reading

25 Jul 2014 (AFR) – China HSBC flash PMI hits 18-month high

(25 July 2014, AFR, p30, Xiaoqing Pi) ‘A Chinese manufacturing gauge rose to an 18-month high in July, bolstering the government’s chances of meeting its 2014 economic growth target of about 7.5 per cent. The preliminary purchasing managers’ index from HSBC and Markit Economics was at 52.0, topping the 51.0 median estimate of analysts in a … Continue reading

25 Mar 2014 (AFR) – China PMI in doldrums – Chinese manufacturing activity weakens: HSBC

(25 March 2014, AFR, p12, Angus Grigg) ‘China’s factory activity unexpectedly worsened again in the early part of March, falling to an eight month low. The HSBC and Markit Economics Flash PMI came in at 48.1, down marginally from the survey’s final reading of 48.5 in February. Economists had expected a slight bounce in the … Continue reading

25 Jan 2014 (AFR) – China worries spark share sell-off ahead of earnings

(25 Jan 2014, AFR, p40, Max Mason) ‘The Australian sharemarket has fallen for the third week in a row, after a ­surprise jump in local inflation and an indicator showing China’s ­manufacturing sector shrunk for the first time in six months.’ ‘On Friday the ASX 200 slipped 22.1 points, or 0.4 per cent to 5240.9. The broader … Continue reading

24 Jan 2014 (AFR) – ASX lower as Chinese manufacturing contracts

(24 Jan 2014, AFR, p21, Sally Rose) ‘Mining companies pushed the market to a loss after an early indicator of ­activity in China’s factories during ­January showed the manufacturing sector contracting for the first time in six months. Data released on Thursday concerned investors worried about the prospect of a bigger than expected decline in demand … Continue reading

24 Jan 2014 (TheAge, SMH) – Negative news from China catalyst for heavy selling on Australian market

(24 Jan 2014, The Age, BusinessDay, p23, Sally Rose) ‘The sharemarket fell sharply after an early indicator of activity in China’s factories during January showed the manufacturing sector contracting for the first time in six months, suggesting a faster than expected decline in demand growth for Australia’s major exports.’ Read more at SMH.com.au

24 Jan 2014 (TheAge, SMH) – Australian dollar drops with slowdown in Chinese manufacturing

(24 Jan 2014, The Age, BusinessDay, p23, Bianca Hartge-Hazelman) ‘The Australian dollar has dropped about half a cent after a new report signalled a slowdown in Chinese factory activity, taking the currency back to levels it was trading at before Wednesday’s strong local inflation data. The local currency fell 0.5 per cent to US87.92¢, from … Continue reading

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