Iron Ore Market Report Oct 2013
2013-11-11 14:45:36 【Print】
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1.Financial review
The HSBC Flash PMI was 50.9 in October, recording a new height for the past seven months . While the expected PMI was 49 . 8, and the previous value was 50 . 2 . The new order index was 51 . 6, the new height of the past seven months . The Flash PMI higher than 50 indicated a expanding manufacturing industry while lower than 50 referred to a depressing industry . The PMI stayed at above 50 for two consecutive months after being lower than 50 for three consecutive months.
The HSBC Flash PMI was 50.9 in October, recording a new height for the past seven months . While the expected PMI was 49 . 8, and the previous value was 50 . 2 . The new order index was 51 . 6, the new height of the past seven months . The Flash PMI higher than 50 indicated a expanding manufacturing industry while lower than 50 referred to a depressing industry . The PMI stayed at above 50 for two consecutive months after being lower than 50 for three consecutive months.