China Caixin Manufacturing PMI | Data | Chart | Calendar
BUZ INVESTORS The Caixin Manufacturing PMI in China unexpectedly rose to 50.4 in June of 2017 from 49.6 in May and beating market consensus of 49.5. It was the highest reading since March, as output and new export orders increased at a faster pace. Also, buying activity rose slightly. Companies adopted relatively cautious attitudes towards their inventories, with both stocks of inputs and finished items declining. Meantime, firms trimmed their workforce number again and backlogs of work continued to rise. Optimism toward the business outlook fell to the lowest so far this year. “The manufacturing sector recovered slightly in June, but based on the inventory trends and confidence around future output, the June reading was more like a temporary rebound, with an economic downtrend likely to be confirmed later. Caixin Manufacturing PMI
Caixin Manufacturing PMI
In China, the Caixin Manufacturing PMI Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of private 430 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This page provides the latest reported value for – China Manufacturing PMI – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. China Caixin Manufacturing PMI – actual data, historical chart and calendar of releases – was last updated on July of 2017.
||2011 – 2017
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