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Caixin Manufacturing PMI

Manufacturing is the most important sector in China

Event Date: Tuesday, January 2, 2024

Event Time: 01:45 CET

Caixin Manufacturing to Soften Up Again

Updated Monday, January 1, 2024

EVENT ENDED

Manufacturing recovered in China after the coronavirus recession in Q1 of 2020, but it didn't surge as this sector did in the Western world. Manufacturing activity remained close to stagnation and in August it fell in contraction at 49.2 points. September was expected to show a slight improvement, and this indicator came at 50.0 points which mean breakeven. In November this indicator fell to 49.9 points which means contraction while in December it is expected to come at 50.1 points. In April this indicator dived to 46 points but increased to 51.7 points in June. In November we saw a jump to 50.7 points but December is expected at 50.4 points which means getting closer to contraction. Please follow us for live coverage of this event by experienced market analysts.

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About Caixin Manufacturing PMI

Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. Released monthly, on the third business day after the month ends. It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy. Survey of about 400 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.

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