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China: PMIs confirm the positive momentum – UOB


5/3/2021 10:47:26 AM GMT
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By Pablo Piovano
Economist at UOB Group Ho Woei Chen, CFA, comments on the latest PMI data in the Chinese economy.
Key Quotes
“The Purchasing Manager’s Index (PMI) from China Federation of Logistics & Purchasing (CFLP) for both manufacturing and non-manufacturing fell by a larger-than-expected pace in April. However, the sharp rebound in the private sector Caixin manufacturing PMI likely eased concerns about the slowdown in April.”
“We think that the larger-than-expected drop in the CFLP PMIs likely indicated a moderation in expectations during April following the surge in March, when both sets of PMIs rebounded sharply towards their November peaks. Factors such as supply bottlenecks especially in the electronics industry as well as higher transportation costs may have weighed on the manufacturing outlook while services could be affected by expectation of slower credit growth ahead ....

Group Ho Woei Chen , China Federation Of Logistics Purchasing , Purchasing Manager , China Federation , சீனா கூட்டமைப்பு ஆஃப் தளவாடங்கள் வாங்குதல் , வாங்குதல் மேலாளர் , சீனா கூட்டமைப்பு ,

China: PMIs confirm the positive momentum – UOB

China: PMIs confirm the positive momentum – UOB
forexcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forexcrunch.com Daily Mail and Mail on Sunday newspapers.

Group Ho Woei Chen , China Federation Of Logistics Purchasing , Purchasing Manager , China Federation , சீனா கூட்டமைப்பு ஆஃப் தளவாடங்கள் வாங்குதல் , வாங்குதல் மேலாளர் , சீனா கூட்டமைப்பு ,

China: Recovery looks intact despite softer PMIs – UOB


Mar 2, 2021 13:07 GMTFXStreet News
Economist at UOB Group Ho Woei Chen, CFA, reviews the latest PMI data in the Chinese economy.
Key Quotes
“The private sector Caixin manufacturing Purchasing Manager’s Index (PMI) dropped for the third consecutive month, by 0.6 points to 50.9 in February (Bloomberg est 51.4 from 51.5 in Jan). The index is now at its lowest since June 2020.”
“The moderation mirrored a pullback in the official manufacturing PMI from China Federation of Logistics & Purchasing (CFLP) released on Sunday. The CFLP manufacturing PMI had also fallen by a larger-than-expected 0.7 points to 50.6 in February (Bloomberg est 51.0 from 51.3 in Jan).”
“Both the CFLP and Caixin manufacturing PMIs have topped out in November 2020. The declines in the manufacturing and non-manufacturing PMIs were also much larger than market’s expectation in February which further indicates a softening outlook. However, China’s macroeconomic data are prone to dis ....

Group Ho Woei Chen , China Federation Of Logistics Purchasing , Purchasing Manager , China Federation , Lunar New Year , சீனா கூட்டமைப்பு ஆஃப் தளவாடங்கள் வாங்குதல் , வாங்குதல் மேலாளர் , சீனா கூட்டமைப்பு , சந்திர புதியது ஆண்டு ,