Markets

China data: Manufacturing PMI (Dec.): 51.4 (expected 51.5), Services PMI 54.5 (prior 54.7)

PMI data from China, the official survey (from NBS / China Federation of Logistics and Purchasing)

Manufacturing (December): 51.4, a miss on expectations and below the November result

  • expected 51.5, prior 51.7
  • Manufacturing PMI has been in expansion since August
  • November's 51.7 was the highest in 2 years. Other data from China has also pointed to stabilisation in the economy. Eyes are on how well this will last as stimulus is scaled back & efforts to curb rapid property price appreciation are continuing to be put into effect.
  • For December, Output 53.3 (November was 53.9), New Orders 53.2 (unchanged from November's result), Employment 48.9 (down from November's 49.2), New Export Orders 50.1 (50.3)
  • By firm size, December results for Large enterprises 53.2 (down from 53.4 in November), Medium enterprises 49.6 (50.1) and Small enterprises 47.2 (47.4)

Non-manufacturing for December comes in at 54.5

  • prior 54.7 (highest since July of 2014)

-

The private-sector, unofficial, PMI data from Caixin / Markit will be out later this week:

  • manufacturing on the 3rd of January at 0145GMT
  • services and composite PMIs on the 5rd of January at 0145GMT

-

And, Happy New Year to all - welcome to 2017!

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


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

Other Topics

ForEx

Latest Markets Videos