The privately-surveyed manufacturing PMI from China for December, Caixin/S&P Global.50.8 vs. 50.4 expected and 50.7 in November more to come--Over the weekend we had the official PMIs for December, manufacturing was a disappointment:China Dec Manufacturing PMI 49.0 (vs. 49.5 expected) & Services 50.4 (50.5 expected)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. There is more on the difference between the two PMIs at that link above. This article was written by Eamonn She
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