Eurozone inflation, China PMI at multi-year lows in January - Chinese manufacturing activity contracted for the first time since September 2012 in January with...

David Scutt

Scutt Partners

Eurozone inflation, China PMI at multi-year lows in January - Chinese manufacturing activity contracted for the first time since September 2012 in January with the NBS PMI gauge slipping to 49.8. The reading was below the 50.1 level of December and expectations for an acceleration to 50.2 with weaker readings for output, new orders, export orders, imports, inventories, employment and the overall business outlook overriding mild improvements in order backlogs and delivery times. While not as weak as the manufacturing gauge service-sector activity also decelerated with the services PMI reading sliding to 53.7 from 54.1, the lowest level seen since January 2014. (VIEW LINK)


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Independent Market Strategist
Scutt Partners

David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...

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