The privately-surveyed manufacturing PMI from China for December, Caixin/S&P Global.

  • 50.8 vs. 50.4 expected and 50.7 in November

more to come

Key findings, in summary, from the report:

  • Output and new orders both increase at quicker rates
  • firms maintain a cautious approach to employment
  • Inflationary pressures remain soft

Over the weekend we had the official PMIs for December, manufacturing was a disappointment:

The official PMI survey covers large and state-owned companies, while the Caixin PMI survey covers small and medium-sized enterprises. As a result, the Caixin PMI is considered to be a more reliable indicator of the performance of China’s private sector. There is more on the difference between the two PMIs at that link above.



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