fxstreet.com 02 Feb, 2021 15:15 am

Pullbacks in PMIs could undermine the outlook – UOB

Pullbacks in PMIs could undermine the outlook – UOB
Economist at UOB Group Ho Woei Chen, CFA, reviews the latest PMI releases in the Chinese economy. Key Quotes “The private sector Caixin manufacturing

This was a sharper decline compared to the official manufacturing PMI from China Federation of Logistics & Purchasing (CFLP) that was released on Sunday (Jan 31).The CFLP manufacturing PMI fell by 0.” “Despite weakening from end-2020, the CFLP manufacturing PMI is still in its 11th consecutive month of expansion and the Caixin manufacturing PMI its 9th month of expansion, defined as a reading above the threshold of 50.5 in January (Bloomberg est 52.

3 in January (Bloomberg est 51.4 (Bloomberg est 55.

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