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Production 49.4 (against 49.5 expected) & Services 54.2 (54.2 expected)



These are the official PMI survey results from NBS until June 2019. The private survey PMI (Caixin / Markit) follows from Monday.

Production 49.4

  • expected 49.5 (range of expected was 49.0 to 50.1 according to the Bloomberg study of 29 analysts)
  • previously 49.4
  • As you can see , unchanged in the month, but slightly down on the expected, and still in contraction. Yesterday's "ceasefire" between the US and China on trade is likely to boost the July figure, everything else being the same.
  • new export order sub-measure fell further

Non-manufacturing 54.2 [expected] 54.2, formerly 54.3

  • an expansive reading for this is more encouraging to the contraction for manufacturing (despite this, the result is still down from earlier this year)
  • Composite is 53.0

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    2;

    This is the last 3 years of manufacturing PMI:
      This is the official PMI survey results from NBS until June 2019. The private surveys PMI & # 39 is (Caixin / Markit) follows from Monday.


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