- In signs that the various policy measures are having an impact, China’s CAIXIN PMI Manufacturing bounced for November up to 51.5 from 50.3 prior.
- This is the highest reading in five months and likely indicates that the impact of stimulus is starting to impact corporate activity and behaviors.
- Output was up to 53.2 from 51.8 in October.
- New orders were higher than the month prior.
- The corporate sector has been somewhat buffeted in the China downturn as exports have remained robust.
- As the threat of tariffs and a trade war mark 2 is looming from the US, Chinese manufacturers will be bracing for the challenges.
- Since September China has cut rates and extended assistance to the housing sector which has been under pressure for several years.
- There are some expectations that in the coming months, potential further stimulus measures could be announced in the form of more RRR cuts.
CHINA: China’s CAIXIN up Strongly in November.
Last updated at:Dec-02 02:08By: Jamie Grant
China
- In signs that the various policy measures are having an impact, China’s CAIXIN PMI Manufacturing bounced for November up to 51.5 from 50.3 prior.
- This is the highest reading in five months and likely indicates that the impact of stimulus is starting to impact corporate activity and behaviors.
- Output was up to 53.2 from 51.8 in October.
- New orders were higher than the month prior.
- The corporate sector has been somewhat buffeted in the China downturn as exports have remained robust.
- As the threat of tariffs and a trade war mark 2 is looming from the US, Chinese manufacturers will be bracing for the challenges.
- Since September China has cut rates and extended assistance to the housing sector which has been under pressure for several years.
- There are some expectations that in the coming months, potential further stimulus measures could be announced in the form of more RRR cuts.
