For the first time in over a year, the Chinese manufacturing sector is showing signs of life and expansion. According to the Caixin PMI, the manufacturing sector in China showed modest expansion during July with a reading of 50.6, just above the threshold that separates growth from decline. The Chinese HSBC Manufacturing PMI is computed based on a monthly survey of approximately 430 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories. However, this is not necessarily a clear indication that the Chinese manufacturing sector is out of the woods yet, with the latest growth metrics barely over the critical 50.0 level that indicates expansion.
Global Manufacturing PMI Data Rolling in To Start August
Daily Analysis - 01/08/2016