China's Bullish PMI Report Explained In An 11-Sided Polygon

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		Home Tech/Media Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Thursday, November 1, 2012 China's Bullish PMI Report Explained In An 11-Sided Polygon China's official manufacturing PMI report climbed to 50.2 in October, up from 49.8 in September.  This suggests the industry is expanding again. Obviously there are a lot of details behind those numbers. Societe Generale's Wei Yao put all of the PMI sub-indices into one radar chart (see below), and compares them to the sub-indices from two months ago.  Ideally, you want the points of the new polygon to be outside of the points of the old polygon. Such was the case for the latest PMI report.  Here's Yao: Details of the official report showed improvement in eight out of the eleven sub-indices. The production index rose by 0.8 point to 52.1 in October; new orders climbed to 50.4, ending a five-month sting of below-50 readings; the input price index jumped to 54.3 from 51 in the previous month, indicating less upstream deflationary pressure. Finished goods inventory inched up to 48.1, pointing to continued destocking albeit at slower pace. Meanwhile, employment, new export orders and imports all increased but remained below 50.   Click Here For Our Complete Global PMI Scorecard > Read » Also On Money Game Today: Study: Overpayments Aren't Driving Rising Unemployment Insurance Costs How A Republican Sweep Could Be The Most Bullish Catalyst For Stocks In 30 Years Advertisement CHART OF THE DAY: We May Have To Wait A Lot Longer For The Corporate Earnings Rebound CHART OF THE DAY: Another Chapter In The Biggest Economic Story In The World CHART OF THE DAY: The Stock Market Doesn't Care Which Party Ends Up In The White House Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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