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18 matches for " official pmi":
In one line: A supply-demand mismatch
China's official PMIs paint a picture of robust momentum going into 2018 but we find this difficult to reconcile with the other data.
China's August foreign trade data were nasty, on the face of it, with exports falling 1.0% year-over- year, after the 3.3% increase in July.
China's official and Caixin manufacturing PMIs have diverged in the last couple of months.
Don't expect a pretty picture when Korea's Q1 GDP report appears in the last week of April.
China's manufacturing PMIs put in a better performance in November, with the official gauge ticking up to 50.2 in November, from 49.3 in October, and the Caixin measure little changed, at 51.8, up from 51.7.
We aren't convinced that China's recovery is in train just yet.
Yesterday's Brazilian industrial production data were downbeat.
The sharp fall in China's manufacturing PMI in May makes clear that its recovery is nowhere near secured.
Yesterday's Chinese PMI numbers disappointed forecasts across the board, failing to meet widespread expectations for either stability or a continued, albeit marginal, improvement in April.
Trade talks between the U.S. and China officially resumed this week, with the first face-to-face meeting of the main negotiators taking place yesterday in Shanghai.
The Caixin manufacturing PMI was steady in May, at 50.2, in contrast to the official gauge published on Friday, which dropped to 49.5, from April's 50.2.
The official PMIs suggest that the January survey data have escaped the worst of the hit from the virus.
The decline in China's unofficial PMI, which has dropped to a six-year low, signals increasing troubles ahead for U.S. manufacturers selling into China, and U.S. businesses operating in China. This does not mean, though, that the U.S. ISM will immediately fall as low as the Caixin/Markit China index appears to suggest in the next couple of months. Our first chart shows that in recent years the U.S. manufacturing ISM has tended hugely to outperform China's PMI from late spring to late fall, thanks to flawed seasonals.
China's official PMIs were little changed in August, with the manufacturing gauge up trivially to 51.3, from 51.2 in July and the non-manufacturing gauge up to 54.2, from 54.0.
China's official PMIs for January, due out tomorrow, will give the first indications of how the economy started the year.
China's Caixin manufacturing PMI edged down to 50.6 in August, from July's 50.8. This clashed with the increase in the official PMI, though the moves in both indexes were modest.
China's official PMIs for March surprised well to the upside, cheering markets across Asia.
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