China's Tanking Purchasing Managers Index (2004-2008)

09/02/08 01:17PM EDT

We've updated this chart for this week's data. China's PMI has moved to a contraction zone. This is ominous, but to some extent discounted by a stock market that's down -62% since it's October 2007 peak.

Keith McCullough & Andrew Barber
Research Edge, LLC

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