Technical Analysis
China official Manufacturing PMI 48.0 (expected 49.0) & Services 46.7 (expected 48.0)
The official PMIs from China’s National Bureau of Statistics for November 2022
Manufacturing a big miss at a horrible 48.0
- expected 49.0, prior 49.2
Services with an even bigger miss at 46.7
- expected 48.0, prior 48.7
Composite
more to come
—
The privately surveyed, and thus unofficial, PMIs from Markit/Caixin will follow later this week. These are different surveys, there is a greater representation of large and SEO firms in the official PMIs.
