China National Bureau of Statistics (NBS) data
September PMIs
Manufacturing 49.8
- expected 49.5, prior 49.1
Non manufacturing 50.0
- expected 50.4, prior 50.3
The focus on this data point today is low, its all about stimulus from China now. Its been ramped up and announcements continued over the weekend:
-
--
China has two primary Purchasing Managers' Index (PMI) surveys - the official PMI released by the National Bureau of Statistics (NBS) and the Caixin China PMI published by the media company Caixin and research firm Markit / S&P Global.
- The official PMI survey covers large and state-owned companies, while the Caixin PMI survey covers small and medium-sized enterprises. As a result, the Caixin PMI is considered to be a more reliable indicator of the performance of China's private sector.
- Another difference between the two surveys is their methodology. The Caixin PMI survey uses a broader sample of companies than the official survey.
- Despite these differences, the two surveys often provide similar readings on China's manufacturing sector.