Caixin China General Manufacturing PMI
(PMI = Purchasing Manufacturing Index)
Commenting on the China General Manufacturing PMI™ data, Dr. Zhengsheng Zhong, Director of Macroeconomic Analysis at CEBM Group said: "The Caixin China General Manufacturing PMI came in at 50.6 for July,...
...up significantly by 2.0 points from the reading for June, marking the first expansion since February 2015. The sub-indexes of output, new orders and inventory all surged past the neutral 50-point level that separates growth from decline. This indicates that the Chinese economy has begun to show signs of stabilizing due to the gradual implementation of proactive fiscal policy. But the pressure on economic growth remains(...)"
July 2016-survey data signalled a renewed upturn in operating conditions faced by Chinese manufacturers, with output, new orders and buying activity all returning to growth.
At 50.6 in July, the seasonally adjusted Purchasing Managers' Index™ (PMI™) - a composite indicator designed to provide a single-figure snapshot of operating conditions in the manufacturing economy – rose from 48.6 in June to signal a renewed improvement in operating conditions.
In response to improved inflows of total new work, manufacturers raised their production for the first time in four months. The rate of expansion, though modest, was the fastest seen in two years.