RED ALERT: September Begins, World's Economies Are CARSHING!!! CHINA HSBC PMI FALLS TO 47.6, LOWEST LEVEL SINCE MARCH 2009

Japan: Markit/JMMA Manufacturing PMI — 47.7, down from 47.9 in July

China: Official PMI -49.2, down from 50.1 in July

South Korea: HSBC Manufacturing PMI — 47.5, up from 47.2 in July.

Netherlands: NEVI Manufacturing PMI — 49.7, up from 48.9 in July..

Last Edited by DL on 09/02/2012 09:48 PM

Below 50 is contraction...

South Korea PMI Climbs, But Production Falls At Fastest Rate In 8 Months

[link to www.businessinsider.com]

KEY POINTS:

New orders contract at sharp rate

New export orders decrease for third month running

Falling output prices signalled

Here Comes China's FINAL HSBC PMI...

At 10:30 PM EST, we will get the final reading on HSBC's manufacturing PMI.

This is the number everyone has been waiting for.

Earlier this month, the Flash (i.e. preliminary) August PMI number fell to 47.8 from 49.3 a month ago.

SocGen's Wei Yao described it as "plainly awful."

We already know that the crucial official Chinese PMI number unexpectedly fell to 49.2 in August. This was much worse than the 50.0 reading expected by economists.

China is the second largest economy in the world, and it is also its most important growth engine.

[link to www.businessinsider.com]

[link to www.businessinsider.com]

Asia
France
Spain
Australia soon to follow

Indonesia next... So far every single country is contracting 6/6.

World's economies are CARSHING!!!

:dubya:

Good catch. Their economy is small but at this point every bit helps (or adds to the pressure)

It's a self feeding cycle. Fear has gripped the investors.

Indoniesia was 51.4 in July, up from 50.2 in June. Most likely it will grow slightly. I'm hoping the trend will reverse!

Last Edited by DL on 09/02/2012 10:48 PM

China official PMI: 49.2

[link to online.wsj.com]

Keep an eye on coal prices.

Indonesia: Markit Manufacturing PMI — 51.6, up from 51.4 in July.

As expected slight growth, but yes, it is a very small economy. DOOM obviously still on!

India is next and it's another big one...

India PMI in July was 52.9, down from 55.0 in June. Let's see if India's trend will continue and show contraction in their major economy!

Lowest since March 2009

2009 is pretty much the benchmark for all stats.

India is a mess. Low PMI will be blamed on the nationwide power outage

HSBC is fucked because its offshore tax haven business is dead.

For Carsh!