golden
Junior Member
Posts: 399
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Post by golden on Sept 24, 2011 16:14:28 GMT 10
What can you say? ..............Maybe HELP!! .........How about a dash of humour  Take it easy out there guys  g Attachments:
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Post by cyclops on Sept 26, 2011 0:23:15 GMT 10
"HSBC's preliminary China Manufacturing Purchasing Managers' index, or "flash" PMI, fell to a two-month low of 49.4 in September, easing from 49.9 in August, HSBC said Friday.
HSBC's preliminary reading for the manufacturing output index eased to two-month low of 49.2 in September, down from 50.2 in August. "
This likely contributed to the collapse in the Australian currency, which was accompanied by very steep drops (7-9%) in several Australian ETFs. The IMF dropped Australia's growth estimates in half, but said they would still grow at a 1.5% rate over the next year, mainly due to commodity demand from China.
But if China's manufacturing or economy slow, Australian exports will too. And that would be a disaster for nearly every part of the Australian economy.
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