Forex Flash: Sheding some light on China/HSBC PMI differences - Markit

By FXstreet.com,  September 02, 2012, 08:57:00 PM EDT

FXstreet.com (Barcelona) - Since there is confusion regarding the differences between the NBS China PMI number and the unofficial PMI number produced by Markit for HSBC, Business Insider recently spoke with Luke Thompson, Head of Markit Economics, who elaborated on the main differences between the HSBC/Markit number.

According to Mr. Thompson: "The structure of our PMI survey panel is defined by industry sector and company size as determined by the latest available value added data from the Chinese National Bureau of Statistics ( NBS ). As such, there is no bias in our sample to small and medium sized industries over large sized companies. Our panel covers small, medium and large sized companies in the proportions determined by the NBS data on value added."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks: NBS



Latest News Video



Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.44 0.07  0.52%
F $ 14.95 0.10  0.66%
CLWR $ 3.40 0.14  4.29%
SIRI $ 3.515 0.02  0.43%
MSFT $ 34.85 0.23  0.66%
CSCO $ 24.01 0.07  0.27%
MRK $ 47.33 2.12  4.69%
PFE $ 28.78 0.08  0.28%