Iron Ore Market Report Oct 2013
2013-11-11 14:45:36 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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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.
