Manufacturing is the most important sector in China
Caixin Manufacturing PMI
Caixin Manufacturing Remains in Contraction Despite A Small Improvement in July
Starts Monday, September 2, 2019 at 01:45
Updated Monday, September 2, 2019
Just like the manufacturing sector, services have been slowing in China as well. The manufacturing sector fell into contraction in December as the Caixin indicator showed and it fell even deeper. It reversed to 49.9 points in February but that still meant contraction. Although, we saw it move to 50.8 points in February which helped the sentiment in financial markets. In April this indicator was expected to show another increase to 51.0 pints but fell to 50.2 points. In May, manufacturing was expected to get weaker and fall flat to 50.0 point, as the trade war has escalated, but remained unchanged at 50.2 points, but it did fall into contraction last month to 49.4 points, missing expectations, just like the PMI manufacturing indicator. In June manufacturing improved more than expected but at 49.9 points it still remains in 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.