China March official Manufacturing PMI 50.5
expected 50.5 (I've also seen expected at 50.4)prior 50.4Non-Manufacturing PMI 50.8
Composite PMI 51.4
prior 51.1Solid results these. Not spectacular, but for diffusion indexes these are good results. More on this below
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Earlier:
Nomura: Beijing’s cautious tariff response is pragmatic amid limited import alternativesChina injects $69 billion into state banks to bolster economy***
A diffusion index is a statistical measure used to summarise the direction of change in a particular economic indicator, typically based on survey data. It's most commonly used in business and economic surveys, such as PMIs, to show whether activity is generally expanding, contracting, or staying the same.
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