Technical Analysis

China PMI data: Caixin Manufacturing PMI December 49.0 (previous 49.4)

I posted the official Chinese PMIs over the weekend:

These are from China’s National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP).

Now we have the privately surveyed manufacturing PMI from China. These are different surveys, there is a greater representation of large and SEO firms in the official PMIs.

Its dropped deeper into contraction at 49.0 from 49.4 in November. China is experiencing a blowout wave of COVID-19 infections with the rapid reopening moves. The wave will pass.

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