New orders fell for the third month running, with new export orders declining the most since december 2008. Caixin china services and composite pmi improved in january. The caixin china report on general manufacturing is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 420 manufacturing companies. The recent easing of measures to halt the spread of the coronavirus disease 2019 covid19 pandemic underpinned a further rise in output. The caixin china general manufacturing pmi stood at 51. We expect further softness ahead, which will be amplified in the yearonyear growth figures by increasingly unflattering base effects. Manufacturing growth loses step, caixin index shows.
Caixin china general services pmi manufacturing, services. Caixin manufacturing pmi hits fourmonth high in july china. China caixin manufacturing pmi april 2017 business insider. The caixin manufacturing pmi, sponsored by caixin and compiled by international data analytics firm ihs markit ltd. The index is calculated based on a survey of purchasing managers from more than 500 large manufacturing companies.
Zhengsheng zhong, chairman and chief economist at cebm. Caixin china pmi, one of the countrys most closely watched economic indexes, is compiled and published by ihs markit every month and is often cited by market watchers and media. The intellectual property rights to the caixin china general manufacturing pmi provided herein are owned by or licensed to ihs markit. The caixinmarkit manufacturing purchasing managers index pmi fell to 51. The two surveys also cover companies with different geographic distributions. China july manufacturing growth slowest in 8 months. The caixin china general manufacturing pmi dropped to 49. Caixin china general manufacturing pmi march 2020 caixin global.
Australian dollar sinks after china caixin pmi contraction. Caixin manufacturing pmi discussion comment guidelines we encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. Caixin china general services pmi chinese business activity expands at slower rate in july summary services and composite pmi data business activity growth across china slowed at the start of the third quarter, according to the latest caixin china composite pmi data which covers both manufacturing and. Caixin purchasing managers index caixin china general. Commenting on the china general manufacturing manufacturing sector is stepping into a destocking phase amid pmi data, dr.
China caixin manufacturing pmi 20112020 data 20212022. Caixin manufacturing purchasing managers index pmi provides an overview of chinas manufacturing industry state. Caixin service purchasing managers index pmi provides an overview of chinas service sector state. Todays caixin pmi reading paints a less upbeat picture than the official surveys and suggests that economic activity probably cooled slightly last month.
Caixin launched a simple englishlanguage news site called caixin online in 2010, translating a small number of its chinese stories each day for foreign readers. Latest data highlighted faster growth of output, total new work and export sales. That matched economists expectations for the month. Beijing the caixin general china manufacturing purchasing managers index pmi, an indicator of factory activity based on a private survey, fell to a threemonth low of 49.
The caixin china composite pmi data which covers both manufacturing and services pointed to only a marginal increase in chinese business activity at the start of the fourth quarter. Caixin, official pmi divergence caused by sample difference. The audusd exchange rate rose after chinas caixin manufacturing pmi data came out betterthanexpected. Aug 01, 2017 caixin is set to release pmi for chinas service sector on thursday. Caixin is set to release pmi for chinas service sector on thursday. The reading stayed above 50, indicating the manufacturing sector remains in expansion range. The caixin china manufacturing pmi is based on data compiled from monthly replies to questionnaires sent to purchasing executives at more than 400 manufacturing companies. The official data provided monday by the national bureau of statistics nbs and the china federation of logistics and purchasing said that the purchasing pmi came in at 49. Purchasing managers indexes pmi are economic indicators derived from monthly surveys of. Caixin china general manufacturing pmi october 2019 caixin. Consumer inflation remains at eightyear high in december. The caixin composite pmi output index, compiled by his markit and. Caixin manufacturing pmi hits fourmonth high in july. The australian dollar declined versus its major peers after the caixin manufacturing pmi reading was released.
China caixin manufacturing pmi strongest since marketwatch. China caixin manufacturing purchasing managers index pmi. The caixin survey results were broadly in line with an official pmi released on tuesday showing slower factory growth in july, with the manufacturing index slipping to 51. The index is calculated based on a survey of purchasing managers from more than 400 service sector companies. May 05, 2016 francis cheung, head of china and hong kong strategy at clsa, discusses chinas caixin services pmi data, chinas debt levels and why hes turning cautious on the country. Caixin china general manufacturing pmi markit economics. Chinas caixin manufacturing pmi surprises positively in feb. Caixin china november manufacturing pmi slows, at odds with. Production fell sharply during february as many firms shutdown or were operating below capacity due to. China manufacturing pmi dips to fourmonth low in march. The caixin china general manufacturing purchasing managers index pmi, sponsored by caixin and compiled by international information and data analytics. Caixin china composite pmi data, which covers both manufacturing and services, pointed to a stabilization of chinese business activity in january. Bnp paribas asset management senior greater china economist chi lo reacts to the caixin china manufacturing pmi numbers and talks about the economy. Latest survey data signalled subdued overall operating conditions in the.
Manufacturing growth loses step, caixin index shows caixin. Caixin, ihs markit released china march manufacturing pmi that hit a fourmonth low of 51. The caixin china composite pmi output index edged down to 51. Zhengsheng zhong, director of macroeconomic analysis at cebm group said.
The output index continued to rise, suggesting that. Manufacturing sector performance subdued at start of 2019. Beijing the private caixin purchasing managers index pmi and the official figure told a different story on chinas manufacturing sector in july. The caixin general china manufacturing purchasing managers index pmi, an indicator of factory activity based on a private survey, dropped to 48. Caixin china general manufacturing pmi december 2019 caixin. The caixin china general manufacturing pmi fell to 51. China july manufacturing growth slowest in 8 months, export. The weaker order book trend also prompted firms to reduce their purchasing.
Commenting on the china general manufacturing pmi data, dr. We expect further softness ahead, which will be amplified in the yearonyear. Manufacturing data are generally released on the first business day of the. Caixin media took over sponsorship of markits china pmi from hsbc in 2015 7 and the research team of caixin insight provides indepth analysis for the index. The caixin china manufacturing purchasing managers index held steady at 51. A reading above 50 indicates an expansion in activity. Caixin china general manufacturing pmi february 2020 caixin. Caixin insight group is a highend financial data and analysis platform. The reading has not been this low since november 2017. Companies are selected based on their contribution to chinas gdp, in accordance with the standard industry classification. China services pmi 20122020 data 20212022 forecast.
Caixin said the acceleration in julys manufacturing sector was a result of rising business activity, citing data that both output and new orders rose at the fastest rates in five months, helped by a. Chinas caixin manufacturing pmi hits fourmonth high in. Caixin china composite pmi data which covers both manufacturing and services signalled a further slowdown in growth momentum at the start of the second quarter. The caixin china general manufacturing pmi slipped to 50. Zhengsheng zhong, an economist at cebm group, attributed the mild expansion in july to decline of export orders. Caixin media took over sponsorship of markits china pmi from hsbc in 2015 and the research team of caixin insight provides indepth analysis for the index.
Caixin pmi points to slowing chinese business activity at start of. Jan 02, 2018 the caixin china manufacturing pmi is based on data compiled from monthly replies to questionnaires sent to purchasing executives at more than 400 manufacturing companies. The headline seasonally adjusted purchasing managers index pmi a composite. Australian dollar gains after china caixin pmi beats. Apr 02, 2018 the caixinmarkit manufacturing purchasing managers index pmi fell to 51. October data showed the strongest improvement in operating conditions faced by chinese. Pmi releases pmi data are released monthly, in advance of comparable official economic data. New orders fell at a slower rate despite a near record fall in exports, and employment declined the most since data collection began in late2005. The caixin china manufacturing pmi, released by markit economics, is based on data compiled from monthly replies to questionnaires sent to purchas. Francis cheung, head of china and hong kong strategy at clsa, discusses chinas caixin services pmi data, chinas debt levels and why hes turning cautious on.
Aug 01, 2018 the caixin survey results were broadly in line with an official pmi released on tuesday showing slower factory growth in july, with the manufacturing index slipping to 51. Zhengsheng zhong, director of macroeconomic analysis at cebm group said the caixin china. A private gauge of chinas factory activity held steady in october, indicating a stable pace of expansion even though official data showed weakness in production and demand. Aug 04, 2016 beijing the private caixin purchasing managers index pmi and the official figure told a different story on chinas manufacturing sector in july. The caixin china services purchasing managers index fell at 50. A reading above 50 indicates growth while a measurement below 50 shows contraction. Also, the rate of job shedding quickened from march, while. The panel is stratified by company size and standard industrial classification sic group, based on industry contribution to chinese gdp. Any unauthorised use, including but not limited to copying, distributing, transmitting or otherwise of any data appearing is not permitted without ihs markits prior consent. That metric focuses on smaller businesses in china compared to the official pmi reading, which. Zhengsheng zhong, director of macroeconomic analysis at cebm group said the caixin china general manufacturing pmi fell to 51.
China caixin final manufacturing pmi holds steady in may wsj. Jan 03, 2017 the caixin manufacturing pmi is based on data compiled from monthly replies to questionnaires sent to purchasing executives at more than 400 manufacturing companies. Caixin china general manufacturing pmi august 2019. Commenting on the china general manufacturing pmi data. Nov 01, 2017 bnp paribas asset management senior greater china economist chi lo reacts to the caixin china manufacturing pmi numbers and talks about the economy. Caixin china november manufacturing pmi slows, at odds.
Caixin china pmi surveys start fourth quarter on softer note. Like other manufacturing indexes, the caixin pmi ranges from a score of 0. China beige books proprietary economic data releases as well as other major china statistical releases for. Manufacturing sector operating conditions stabilise in march. May 04, 2017 caixin china composite pmi data which covers both manufacturing and services signalled a further slowdown in growth momentum at the start of the second quarter. Caixinmarkit releases manufacturing purchasing manager s index for the month of july. Caixin manufacturing pmi economic indicator from china. Caixin china general manufacturing pmi operating conditions improve at quickest pace for four months summary the headline pmi pointed to a stronger improvement in chinese manufacturing operating conditions at the end of 2017. Chinas caixin manufacturing pmi hits fourmonth high in july. Dec 01, 2017 the caixin china services purchasing managers index fell at 50. Cpi growth capped as monthslong surge in pork prices moderates on rising supplies.
The group encompasses the monthly caixin china purchasing managers index, components of which include the caixin china general manufacturing pmi and caixin china general services pmi. Caixin china general manufacturing pminovember 2016. The caixin manufacturing pmi is based on data compiled from monthly replies to questionnaires sent to purchasing executives at more than 400 manufacturing companies. Caixin china general manufacturing pmimay 2019 caixin global. The subindexes for output and new orders both fell, but. The private sectors figure showed the industrial sector contracted slower than.
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