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Caixin Manufacturing PMI

Manufacturing PMI Made a Reversal in February but Remains in Contraction

Starts Monday, April 1, 2019 at 01:45
Updated Thursday, March 28, 2019
The manufacturing has been slowing in China last year as the rest of the global economy weakened. In December, this sector of the Chinese economy fell in contraction since the PMI indicator fell below the 50 level, as the report released in January showed. It weakened further in January, with the Chinese Caixin Manufacturing PMI indicator falling to 48.7 points. But we saw a reversal in February and a jump to 49.9 points, but that still means contraction. Although, let's see if in March this sector has moved into expansion. 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. It is released monthly, usually on the first 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. The survey of about 430 purchasing managers  asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories 

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