⚡️JUST IN
Economic activities in China was weak in December.
Manufacturing PMI 47.0 [Est.48.0 Prev.48.0]
Non-Manufacturing PMI 41.6 [Est.45 Prev.46.7]
Composite PMI 42.6 [Prev.47.1]
#manufacturing #EconTwitter 🇨🇳
1/ Thread
Economic activities in China was weak in December.
Manufacturing PMI 47.0 [Est.48.0 Prev.48.0]
Non-Manufacturing PMI 41.6 [Est.45 Prev.46.7]
Composite PMI 42.6 [Prev.47.1]
#manufacturing #EconTwitter 🇨🇳
1/ Thread
China's NBS:
Production and demand continue to slow down on both ends. The pandemic has cast negative impacts on the operations of some enterprises, with production activities slowing down and product orders decreasing.
#manufacturing #EconTwitter 🇨🇳
2/ Thread
Production and demand continue to slow down on both ends. The pandemic has cast negative impacts on the operations of some enterprises, with production activities slowing down and product orders decreasing.
#manufacturing #EconTwitter 🇨🇳
2/ Thread
China's NBS:
Manufacturing production activity continues to slow as product orders fall, production Index slid by 3.2 PPS to 44.6% and New Order Index dropped 2.5 PPS to 43.9%.
Logistics and transport capacity have deteriorated.
#manufacturing #EconTwitter 🇨🇳
3/ Thread
Manufacturing production activity continues to slow as product orders fall, production Index slid by 3.2 PPS to 44.6% and New Order Index dropped 2.5 PPS to 43.9%.
Logistics and transport capacity have deteriorated.
#manufacturing #EconTwitter 🇨🇳
3/ Thread
The Business Activities Index fell to 39.4%, 5.7 PPS lower m/m, and 15/21 surveyed industries in contraction.
61.3% of surveyed enterprises are facing constraints, 10 PPS higher.
Significant recovery was seen in airline activities as the index back to 60%.
4/ Thread #China
61.3% of surveyed enterprises are facing constraints, 10 PPS higher.
Significant recovery was seen in airline activities as the index back to 60%.
4/ Thread #China
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