China | August PMIs surprise the market to the upside
Published on Thursday, September 1, 2016 | Updated on Sunday, May 13, 2018
China | August PMIs surprise the market to the upside
Summary
China’s official manufacturing PMI unexpectedly rebounded above the watershed level in August. Its reading of 50.4 is also way above market expectations and the July outturn of 49.9. Although the official and Caixin PMIs have painted a mixed picture, manufacturing activities indeed gained traction, alloying investors’ concerns over the risk of an imminent hard landing.
Topics
- Topic Tags
- Regional Analysis China
- Macroeconomic Analysis
Authors
Jinyue Dong
BBVA Research - Senior Economist
Le Xia
BBVA Research - Chief Economist
Documents and files
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