Tuesday, April 3, 2012

Did China Mfg PMI Just Top Out?

We all have discussed China Mfg PMI in the last few days, ad nauseam. While traders decided to discount HSBC and focus on Official data at this time, I decided to chart both in the last five years.

I would like to draw your attention to how Official Mfg PMI topped out, making the high for the year, between March and April in four out of the last five years.

I am sure that everyone will rush to tell me that this time will be different.

click on chart to enlarge

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