27 Feb 2015
China’s official PMI release to give a better outlook of the economy – ING
FXStreet (Barcelona) - The Research Team at ING shares that the Jan-Feb data releases starting next week would provide a better picture about the Chinese economy, with the official PMI release being the most significant one.
Key Quotes
“China’s official manufacturing PMI for February is a significant data point. Lunar New Year seasonality makes it hard to take the surprise bounce in the HSBC flash manufacturing PMI above 50 as conclusive evidence that the economy strengthened coming into 2015.”
“A clearer read will come in the Jan-Feb economic data, which will be released during the two annual conferences – the Chinese People’s Political Consultative Conference (CPPCC) and the National People’s Congress (NPC) – starting next week.”
“The slowdown in export growth to mid-single digits since 2011 is revealing how fast China can grow absent strong export demand. GDP grew 7.7% in 2012 and 2013 and slowed to 7.4% last year.”
Key Quotes
“China’s official manufacturing PMI for February is a significant data point. Lunar New Year seasonality makes it hard to take the surprise bounce in the HSBC flash manufacturing PMI above 50 as conclusive evidence that the economy strengthened coming into 2015.”
“A clearer read will come in the Jan-Feb economic data, which will be released during the two annual conferences – the Chinese People’s Political Consultative Conference (CPPCC) and the National People’s Congress (NPC) – starting next week.”
“The slowdown in export growth to mid-single digits since 2011 is revealing how fast China can grow absent strong export demand. GDP grew 7.7% in 2012 and 2013 and slowed to 7.4% last year.”