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


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.

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