The Manufacturing Purchasing Managers' Index (PMI) in China measures the health of the manufacturing sector by surveying purchasing managers on various business conditions such as production levels, new orders, and employment. It is crucial for assessing economic activity, as manufacturing is a significant component of China's economy. A PMI above 50 indicates expansion, while below 50 signifies contraction. The index is closely watched by financial markets and policymakers, as it can influence currency valuations, stock market performance, and economic policy decisions.
The Manufacturing Purchasing Managers' Index (PMI) in China measures the health of the manufacturing sector by surveying purchasing managers on various business conditions such as production levels, new orders, and employment. It is crucial for assessing economic activity, as manufacturing is a s...