June HSBC/Markit China PMI At 48.2
HSBC/Markit PMI fell from 48.4 to 48.2.
Global Macro Perspectives
HSBC/Markit PMI fell from 48.4 to 48.2.
HSBC/Markit PMI fell from 49.3 to 48.7.
Large discrepancy between HSBC/Markit and “official” PMI.
Industrial production in China rose 9.3 % y-o-y in April; March reading was at 11.9%. Consensus was at 12.2%.
Another bad piece of data.
China trade balance was reported at USD 18.4 billion vs. USD 5.4 billion in December and USD 9.9 billion consensus. Export and import growth were running at 4.9 and 0.3 percent vs. 8.9% and 5.3% in March.
HSBC/Markit PMI rose from 48.3 to 49.1.
Large discrepancy between HSBC/Markit and “official” PMI. Looks like a slight overreaction by the markets (if we view this in isolation).
HSBC/Markit PMI fell from 49.6 to 48.1.
Official (China Federation of Logistics & Purchasing and National Bureau of Statistics) China PMI rose form 50.5 to 51.0. Consensus was at 50.9.
HSBC/Markit PMI was reported earlier at 49.6 rising from January reading 48.8.
Industrial production in China rose 12.8 % y-o-y in December; November reading was at 12.4%. Consensus was at 12.3%.
I’ve been quite busy on my day job in last weeks, so now when I finally have some spare time I will follow-up China macro data since the start of the year.
To sum up, Chinese authorities have started to loosen monetary policy after slowdown in manufacturing and slowdown of imports (especially imports of goods which are consumed in China).
Official (China Federation of Logistics & Purchasing and National Bureau of Statistics) China PMI fell form 52.0 to 50.9. Consensus was at 49.8.
HSBC/Markit PMI fell from 51 to 48.0.
HSBC/Markit PMI rose from 49.4 to 51.1.
Industrial production in China rose 13.8% y-o-y in September; August reading was at 13.5%. Consensus was at 13.4%.
Industrial production in China rose 13.5% y-o-y in August; July reading was at 14.0%. Consensus was at 13.7%.