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CHINA:  CAIXIN PMI Services Stronger for October. 

CHINA
EM BulletAPACChinaEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Today’s CAIXIN PMI Services came in at 52.0 for October
  • This was a rise from September’s release of 50.3.
  • Following the release earlier in the month of the CAIXIN PMI Manufacturing at 50.3, the resulted in composite rising to 51.9 from 50.3.
  • The results are consistent with recent data which indicates that the impact of the various stimulus packages are starting to show up in the broader economy.
  • The CAIXIN PMI Survey covers small and medium sized businesses and therefore is considered a more reliable indicator of the performance of China’s private sector. 
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  • Today’s CAIXIN PMI Services came in at 52.0 for October
  • This was a rise from September’s release of 50.3.
  • Following the release earlier in the month of the CAIXIN PMI Manufacturing at 50.3, the resulted in composite rising to 51.9 from 50.3.
  • The results are consistent with recent data which indicates that the impact of the various stimulus packages are starting to show up in the broader economy.
  • The CAIXIN PMI Survey covers small and medium sized businesses and therefore is considered a more reliable indicator of the performance of China’s private sector.