Chinese PMIs heat into virus freeze

China’s dubiously managed economic data is going to find the next few months a challenge. Take today’s January PMIs. Manufacturing eased a touch:

In January 2020 , China’s manufacturing purchasing manager index ( PMI ) was 50.0% , a slight decrease of 0.2 percentage points from the previous month .

From the enterprise scale, large enterprises PMI was 50.4% last month fell 0.2 percentage points, medium-sized enterprises PMI was 50.1% , last month fell 1.3 percentage points, large and medium-sized enterprises PMI are located above the critical point; small business PMI It was 48.6% , an increase of 1.4 percentage points from the previous month and still 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.