 | 12 Month Average of PMI Now Below Key 50 Mark |
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| New Orders and Order Backlog Measures also Fell Sharply |
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| Many Just Hope to Beat Lousy 2022 Numbers |
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| Almost All Other Measures are Negative Too |
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| Positions are Down from Peak in 2022, but Still Historically High |
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| Index Falls below Key 50 Mark for Fifth Month in a Row |
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| The Disastrous Results of 35 Years of the One Child Policy Coming Home to Roost |
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| Growth Moves ahead of Rest of Word in Late 2022 |
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| Measures again Negative across the Board, though not as Bad as January |
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