Category: Caixin
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China Caixin September Manufacturing PMI 49.3 (prior 50.4) Services 50.3 (prior 51.6)
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China PMIs from own survey These are not good results, but they are old and outdated news now given all the stimulus announcements from China in the past week. previously: China official PMI data: manufacturing 49.8 (49.5 expected) — — China has two primary Purchasing Managers’ Index (PMI) surveys –…
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China Caixin Manufacturing PMI August 2024: 50.4 (expected 50.0, prior 49.8)
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Over the weekend, we got the official PMIs: China Manufacturing PMI for August 49.1 (49.5 expected), Services 50.3 (50.0 expected) More details: The Caixin S&P Global Manufacturing Purchasing Managers’ Index was much better, at 50.4. From the report, in brief: Demand rose as total new orders resumed growth, with demand…
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China Caixin Manufacturing PMI for July 2024 49.8 (expected 51.5, prior 51.8)
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I have revised this result twice, as it has returned to contraction again after a good June. This was a major failure to meet expectations. This is its first contraction in nine months, and points to underlying problems in the Chinese economy. The PMI had performed better than the official…
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China’s manufacturing surges, Caixin PMI shows, but global risks grow By Reuters
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BEIJING (Reuters) – Factory activity in China grew at the fastest pace in nearly two years in May thanks to gains in production and new orders, especially at small businesses, a private sector survey showed on Monday, raising expectations for the second quarter. The Caixin/S&P Global Manufacturing PMI rose to…