China’s PMIs mixed

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Chinese PMIs were out over Easter and showed good gains emerging from Winter shutdowns:

In terms of the size of the company, the PMI of large-sized companies is 52.4% , which is 0.2 percentage point higher than that of the previous month and continues to be in the expansion range. The PMI for small and medium-sized enterprises is 50.4% and 50.1% , respectively, which is 1.4 % and 5.3 % higher than the previous month . Above the point.

From the classification index, among the five sub-indexes that constitute the manufacturing PMI , the production index, new order index, and supplier delivery time index are above the critical point, and the raw material inventory index and the employee index are below the critical point.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.