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- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- CreditCredit
Real time insight of credit markets
- Data
- MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
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Free AccessMNI DATA IMPACT: Caixin China Jan PMI Slips To 9-Month Low
The Caixin China PMI for February dropped 0.6 points to 50.9 from the previous month, the lowest level since June 2020, indicating the marginal effect from the manufacturing recovery has further weakened, according to publisher Caixin in an email announcement on Monday. Caixin noted that the rate of improvement was the slowest seen since the current recovery period began last May.
Here are key points MNI highlights:
- The lower PMI was mainly due to a decelerated expansion in both supply and demand, as both the production and new-order sub-indices declined to a 10-month and 9-month low, respectively.
- External demand remained sluggish, with the new export order sub-index fell sharply into the contraction range below the breakeven 50 for the second consecutive month, impacted by the resurgence of Covid-19 cases in winter.
- Manufacturers are confident that the pandemic situation will improve, with the expectation sub-index jumping to the second-highest point since September 2014.
- Caixin's unofficial PMI, which tracks small and medium-sized manufacturers, compares with the official PMI released on Sunday, which also dropped 0.7 to 50.6 in February from January, also slowing for the third consecutive month.
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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.