Today brings the privately-surveyed manufacturing PMI from China for December, Caixin/S&P Global.
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.
There have been ‘green shoots’ from China’s economy, for example recently:
The manufacturing PMI released over the weekend was not a green shoot. Let’s see how today’s looks.
- This snapshot from the ForexLive economic data calendar, access it here.
- The times in the left-most column are GMT.
- The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.
- I’ve noted data for New Zealand and Australia with text as the similarity of the little flags can sometimes be confusing.