MNI China Daily Summary: Thursday, December 12

RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: China May Mfg. PMI Contracts To Three-Month Low

MNI (Singapore)
MNI (Beijing)

China's manufacturing Purchasing Managers' Index dropped by 0.9 points to 49.5 in May, falling below the breakeven 50 level after expanding for two consecutive months, tamed by weak demand and the high base formed by rapid manufacturing growth earlier, data from the National Bureau of Statistics showed Friday.

The production sub-index fell 2.1 points to 50.8, still above the 50 mark. However, the new orders and new export orders sub-indexes fell 1.5 and 2.3 points, to 49.6 and 48.3.

Non-manufacturing PMI registered 51.1, about the same as last month's 51.2. The business activity index in the service sector increased by 0.2 points to 50.5, with telecommunications and entertainment services standing above 55.0 but the capital market and real estate continued to run at low levels, the NBS said.

Policy NewsHomepageCentral Bank NewsPBOCAPACChinaBriefStoryEM Policy NewsEM Policy StoryEM BriefEM Central Bank NewsPeoples Bank of ChinaRegion
True
Policy NewsHomepageCentral Bank NewsPBOCAPACChinaBriefStoryEM Policy NewsEM Policy StoryEM BriefEM Central Bank NewsPeoples Bank of ChinaRegion
True

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.