The Caixin Manufacturing Purchasing Managers’ Index (PMI) in China stood at 50.1 in September of 2016 up only fractionally from the 50.0 it registered in August and in line with market consensus. It was the third straight month of expansion as output and new orders went up marginally while new export orders stabilised. At the same time, job shedding eased and firms raised their purchasing activity for the third month in a row. The amount of outstanding business increased further and … [Read more...] about China PMI shows stabilising economy, but risk of decline
PMI
China’s manufacturing gains strength
The China Purchasing Managers' Index (PMI), seen as a bellwether of manufacturing activity in the country, rose to 53.5 in April from 52.4 in March, according to Reuters. This is the second straight month the index has finished in excess of 50, which indicates an expansion of activity in the manufacturing sector. A reading of below 50 suggests a contraction. The PMI, compiled by the China Federation of Logistics and Purchasing, plummeted to a record low of 38.8 last November. Various sub-indexes … [Read more...] about China’s manufacturing gains strength
China's manufacturing gains strength
The China Purchasing Managers' Index (PMI), seen as a bellwether of manufacturing activity in the country, rose to 53.5 in April from 52.4 in March, according to Reuters. This is the second straight month the index has finished in excess of 50, which indicates an expansion of activity in the manufacturing sector. A reading of below 50 suggests a contraction. The PMI, compiled by the China Federation of Logistics and Purchasing, plummeted to a record low of 38.8 last November. Various sub-indexes … [Read more...] about China's manufacturing gains strength
