“China’s PMI Data Rebounds – China’s Manupacting Pmi Jumps to 50.2, Signaling Expansion, But Us Tariffs Loom Over The Economic Outlook.”, – WRITE: www.fxempire.com
Manufacturing recovery and Industry Trends CN Wire Highlighted Key Trends in February’s PMI Data:
- The manufacting Sector Saw Demand and Production Expand After January’s Contraction.
- Industries Reporting Pmis Above 54.0 Included Non-Ferrous Metal Smelting and Rolling Processing, General Equipment, and Electric Machinery and Equipment.
- In Contrast, Textile and Apparel, and Petroleum, Coal, and Other Fuel Processing Had Pmis Below The 50 Neutral Point.
- PRICE INDICES Continued to Rise, WHICH COURCE EASE DEFLATIONAL CONCERNS.
Assessing Broader Trends, CN Wire Noted:
“INFRUARY, The Composite PMI Output Index Was 51.1%, Up By 1.0 Percentage Points from the Previous MONT Business Activities Post-Spring Festival in China. The manufacturing Production Index and non-ManUfacting Business Activity Index, WHICH constitute the composite PMI Output Index, Were 52.5% And 50.4% Respectively. ”
Demand and Production Key to Domestic Growth February’s Figures Could Be Crucial for China’s Economic Outlook. Improving Demand and Productivity May Boost Job Creation and Consumer Sentiment. Rising Consumer Confidentnce Could Make Beijing’s Stimulus Efforts More Effective in Supporting Household Income and Driving Consumption.
However, The Post-CHINESE NEW YEAR REBOUND IN MANUFACTING Sector Output Could Reflect Front-Loading Ahead of US Tariffs on Chinese Goods. This Week, President Trump AnnunCed that 10% Tariffs on Imports from China Wuld be Effective From Tuesday, March 4. Trump Also Plans to Impose Sweeping Tariffs, Pharif Chips.