The NBS Manufacturing PMI in China is an economic indicator that measures the activity level of purchasing managers in the manufacturing sector. A PMI above 50 indicates expansion, while below 50 suggests contraction. It is significant because it provides insights into the economic health of China's manufacturing sector, influencing investor sentiment and financial markets globally due to China's substantial role in global trade. The PMI is closely watched as it can signal changes in economic growth, impacting policy decisions and market expectations.
The NBS Manufacturing PMI in China is an economic indicator that measures the activity level of purchasing managers in the manufacturing sector. A PMI above 50 indicates expansion, while below 50 suggests contraction. It is significant because it provides insights into the economic health of Chin...