China April 2024 Official Manufacturing PMI 50.4 (expected 50.3) Services 51.2 (exp 52.2) ...Middle East

Today we have had data for the official PMIs. March manufacturing PMI comes in at 50.4expected 50.3, prior 50.8Services 51.2expected 52.2, prior 53.0Composite 51.7prior 52.7***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

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China April 2024 Official Manufacturing PMI 50.4 (expected 50.3) Services 51.2 (exp 52.2) ...Middle East

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