Read full post at forexlive.com
Manufacturing
Non-manufacturing
Composite
prior 55.1
The PMI index of manufacturing sentiment hit a 38-month high of 52.1 in November last year. Its been above 50, and in ‘expansion’ for most of 2020 despite the pandemic impact. China’s policy of “internal circulation” (in a nutshell business buying locl inouts rather than imported where possible) has been an underpinning. Export industries have been a contributor also but on this front the rising cost of shipping and an appreciating yuan are becoming stiffer headwinds.
—
The private-survey,unofficial, Caixin/Markit PMIs for January are due on the new week: