Free Trial

MNI BRIEF: China Emerging Industry PMI Drops Below 50

MNI (Beijing)

China's Strategic Emerging Industries Purchasing Managers' Index (EPMI) dropped to 45.5 in February, from January’s 50.8, and the first time below the confidence mark of 50 since September last year, according to data from the Chinese Academy of Science and Technology Development Strategy on Tuesday.

The EPMI, which reflects business conditions of 300 enterprises across major emerging industries, saw most sub-indices decline, with production volume and product orders falling by 10.8 and 7.9 pp respectively, indicating a continued an easing of production-demand imbalance. The decline was mainly down to the impact of the Spring Festival holiday, Chen Zhi from the Chinese Academy of Science and Technology said in a statement.

Advisors recently told MNI the central government could issue more bonds this year to support growth. (See: MNI: High Local Targets Hint At Further China Gov. Leverage)
MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.