November 29, 2024 04:32 GMT
CHINA: PMI’s to Show Path to Economic Recovery Slow.
CHINA
- Over the weekend China will release its official Manufacturing and Non-Manufacturing PMIs.
- The official PMIs focus on the bigger state-owned enterprises which, due to their size, are often slow moving.
- Octobers’ Manufacturing PMI printed at 50.1, barely above the 50 mark that signals expansion.
- Market surveys point to a 50.2 print for November.
- October’s Non-Manufacturing PMI printed at 50.4 and surveys point to a 50.4 result for November.
- December 2nd sees the CAIXIN PMIs released.
- CAIXIN PMI’s are focused on the private sector and it is here where we could see a pick up in activity.
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