Free Trial

PMIs Show Slowdown In Growth

CHINA DATA

The composite Caixin PMI for June fell to 52.5 from 55.6 driven by a sharp weakening in services activity. The services PMI eased to 53.9 from 57.1 in May, significantly weaker than the 56.2 expected. Earlier in the week manufacturing posted 50.5 down from 50.9. This data is further evidence that China’s recovery is looking lacklustre.

  • The slowdown in services was driven by weaker sales and orders growth, but business confidence improved for the first time in five months and employment grew at its highest in three months.
  • Cost pressures were muted as input costs were below the series trend. Output prices were marginally higher.

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.