The Caixin Manufacturing PMI is an economic indicator that measures the performance of the manufacturing sector in China, based on surveys of private and small-to-medium-sized enterprises. It is significant because it provides insights into the health of the manufacturing industry, which is a key component of China's economy. A PMI above 50 indicates expansion, while below 50 indicates contraction. The index is closely watched by financial markets as it can influence investor sentiment and expectations about China's economic growth and policy directions.
The Caixin Manufacturing PMI is an economic indicator that measures the performance of the manufacturing sector in China, based on surveys of private and small-to-medium-sized enterprises. It is significant because it provides insights into the health of the manufacturing industry, which is a key...