China Caixin PMI Summary
Surveys completed by 650 SME's in China have indicated that China's smaller manufacturing and service providers remain in expansionary mode in April 2024 with all three data releases coming in as expected or higher than expected with readings >50 = Expansionary.
Manufacturing - 51.4
Increased from 51.1 in Mar 2024 to 51.4 in Apr 2024
✅Above expectations of 51
Services - 52.5
Decreased from 52.7 in Mar 2024 to 52.5 in Apr 2024
✅In line with expectations of 52.5
Composite - 52.8
Increased from 52.7 in Mar 2024 to 52.8 in Apr 2024
✅Above expectations of 52.5
Surveys completed by 650 SME's in China have indicated that China's smaller manufacturing and service providers remain in expansionary mode in April 2024 with all three data releases coming in as expected or higher than expected with readings >50 = Expansionary.
Manufacturing - 51.4
Increased from 51.1 in Mar 2024 to 51.4 in Apr 2024
✅Above expectations of 51
Services - 52.5
Decreased from 52.7 in Mar 2024 to 52.5 in Apr 2024
✅In line with expectations of 52.5
Composite - 52.8
Increased from 52.7 in Mar 2024 to 52.8 in Apr 2024
✅Above expectations of 52.5
