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Manufacturing PMI China

Event Date: Thursday, June 30, 2022
Event Time: 01:30 CET

Can Manufacturing Come Out of Contraction in China?

Updated Saturday, June 25, 2022
The manufacturing sector has been slowing in China last year as the rest of the global economy weakened. In December, this sector of the Chinese economy fell into 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 Manufacturing PMI indicator falling to 49.5 points. We saw a further contraction in February to 49.2 points. Although, in March this sector came back to expansion with the PMI indicator jumping to 50.5 points, which improved the sentiment in financial markets. It slowed down to 50.1 points again in April, which is very close to contraction and in May it fell to 49.4 points, where it remained during June as well. It improved slightly in July, but fell to 49.5 points in August. In September we saw another increase to 49.8 points, but manufacturing continued to remain in contraction, until November, when it jumped to 50.2 points, beating expectations and coming out of contraction. But, coronavirus came and ruined everything for everyone, with Chinese manufacturing PMI indicator falling to 35.7 points which means a very deep contraction. Although, manufacturing bounced back to 52.0 in March in China, but it slowed to just 50.6 points in May. Although it increased to 50.9 points in June and it remained at around 51.5 points, until November when it increased to 52.1 points. But returned down to 51.3 points again in January, although it increased to 51.9 points in March, while in April it was expected to jump to 55.9 points but cooled off to 51.0 points, while this sector is surging in US and Europe. This month it is expected to fall flat at 50 points. Please follow us for live coverage of this event by experienced market analysts.    

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About Manufacturing PMI China
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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