China’s Manufacturing PMI Falls To 35.7 From 50.0, Services To 29.6

Those are some ugly numbers and the lowest on record.  Not totally unexpected though much worse than anticipated.  The February print came in much lower than the median forecast of 43 by economists surveyed by the Wall Street Journal. China’s official manufacturing PMI dropped to 38.8 in November 2008 at the start of the global … More China’s Manufacturing PMI Falls To 35.7 From 50.0, Services To 29.6