Global Macro Perspectives
Official (China Federation of Logistics & Purchasing and National Bureau of Statistics) China PMI rose form 50.7 to 50.9; Consensus was at 51.0.
HSBC/Markit PMI rose from 59.3 to 49.9.
Official (China Federation of Logistics & Purchasing and National Bureau of Statistics) China PMI fell form 52.0 to 50.9. Consensus was at 51.5.
HSBC/Markit China PMI for June fell from 51.6 to 50.1. This means industrial production growth is slowing down to something like 13%.
Industrial production in China rose 13.3% y-o-y in May; April reading was at 13.4%. Consensus was at 13.1%.
Industrial production in China was up 13.4% y-o-y in April; March reading was at 14.8%. The consensus was at 14.6%.
Somewhat soft.
Official (China Federation of Logistics & Purchasing and National Bureau of Statistics) China PMI fell form 53.4 to 52.9. Consensus was at 53.9.
Weakening, but that’s nothing new.
The rest of the charts I didn’t have time to post…
Industrial production in China was up 14.9% y-o-y in February; January reading was apparently not reported. The consensus was at 13.0%.
Official (China Federation of Logistics & Purchasing and National Bureau of Statistics) China PMI fell form 52.9 to 52.2; HSBC/Markit PMI fell from 54.5 to 51.7.
Weakening, but inline with expectations.
Official (China Federation of Logistics & Purchasing and National Bureau of Statistics) China PMI fell form 53.9 to 52.6; HSBC/Markit PMI rose from 54.4 to 54.5.
Looks like industrial production growth in January will remain at present levels.
China Federation of Logistics & Purchasing and National Bureau of Statistics PMI (“official PMI”) fell from 55.2 to 53.9.
PMI’s for December suggest industrial production growth in December will remain stable.
HSBC/Markit China PMI fell from 55.3 to 54.4.
Official China PMI rose from 54.7 to 55.3; The HSBC/Markit PMI rose from 54.8 to 55.3. Reading above 50 means expansion.
Large gap between PMI’s and industrial production growth.
(For October 2010) Both of the China Purchasing Manager Indexes rose in October. China Federation of Logistics & Purchasing and National Bureau of Statistics PMI (“official PMI”) rose from 53.8 to 54.8. HSBC/Markit China PMI rose from 52.9 to also 54.8. In September industrial production didn’t follow the PMI’s readings, so odds are high this month that industrial […]
(For September 2010) Industrial production in China rose 13.3% y-o-y in September; August reading was at 13.9%. The consensus was at 14.0%. PMI’s were wrong…. Chart 1. China Industrial Production vs. China PMI’s