Caixin Manufacturing PMI
Event Date: Friday, September 30, 2022
Event Time: 01:45 CET
Updated Tuesday, September 27, 2022
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 means 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 July we saw a slowdown to 50.4 points but in August this indicator fell to 49.5 points which means contraction and it is expected to remain there despite a small improvement to 49.7 points. 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.