This is the private survey PMI for manufacturing in January ... unchanged from December

51.5

  • expected 51.5, prior 51.5

Commenting on the China General Manufacturing PMI™ data, Dr. Zhengsheng Zhong, Director of Macroeconomic Analysis at CEBM Group said:

  • "The Caixin China General Manufacturing Purchasing Managers' Index came in at 51.5 in January, unchanged from the previous month, suggesting that operating conditions continued to improve at a modest pace. "The sub-indices of output and employment continued to rise, reflecting improving production conditions. The sub-indices of stocks of purchases and stocks of finished goods both improved from December's relatively low levels. "However, overall new business and new export orders increased at a slower pace than in the previous month, pointing to slightly moderating demand. "Meanwhile, the upward pressure on prices of industrial products eased markedly as the increases in both input costs and output prices slowed sharply. "The manufacturing industry had a good start to 2018. Going forward, we should keep a close eye on the stability of the demand side."

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