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China's official service-sector PMI slips to 53.7 in September vs. the prior month's 56.3 -...

China's official service-sector PMI slips to 53.7 in September vs. the prior month's 56.3 - falling more in line with last month's HSBC take on nonmanufacturing data, which had the sector indexed at a 12-month low of 52.
Comments (4)
  • J 457
    , contributor
    Comments (939) | Send Message
     
    This bad news is sure to cause US markets to gain 2% tomorrow. It's "worse than expected" somehow translates to good news.
    2 Oct 2012, 10:02 PM Reply Like
  • june1234
    , contributor
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    Hey we have been in a 4 year recovery. Please stop your negative reporting. According to CNBC and the national association of realtors I suspect the real estate market is "rocking" these days. The latter would know real estate brokers are some of the biggest buyers of distressed property often renting them out to the people foreclosed on.Why just the other day Bernanke announced more banker bailouts promising he would be buying $40 billion more of mortgages per month from the banks. That program has been doing so well why not continue it Credit to buy any home remains super tight for most people but hey were in a recovery. Please get with the program; available 24/7 on all channels, Jim Cramer moderating.
    2 Oct 2012, 10:04 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4040) | Send Message
     
    Above 50 means it is still expanding. Just the rate of expansion has slowed.
    2 Oct 2012, 10:42 PM Reply Like
  • Windsun33
    , contributor
    Comments (4225) | Send Message
     
    You can probably subtract around 2 to 3 points from the official figures to get the real ones.
    2 Oct 2012, 11:56 PM Reply Like
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