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

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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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