Asian Economic Calendar: Key Events and Consensus Expectations for 01 December 2023 ...Middle East

Another PMI from China today, this time the privately surveyed Manufacturing PMI for November. Yesterday we got disappointing news on the official PMIs:China November PMIs: Manufacturing 49.4 (expected 49.7) Services 50.2 (expected 51.1)China has two primary Purchasing Managers' Index (PMI) surveys - the official PMI released by the National Bureau of Statistics (NBS) and the Caixin China PMI published by the media company Caixin and research firm Markit / S&P Global.The official PMI survey covers large and state-owned companies, while the Caixin PMI survey covers small and medium-sized enterprises. As a result, the Caixin PMI is considered to be a more reliable indicator of the performance

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Asian Economic Calendar: Key Events and Consensus Expectations for 01 December 2023 ...Middle East

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