China PMI - The Best Indicator In The World
Go back to Economics main page
Chinese data is often viewed with scepticism
Primary indicator --> Chinese Caixin Manufacturing Purchasing Managers Index (#PMI).
China is a manufacturing-based economy.
Two manufacturing PMIs,
- Government #PMI -> survey of large chinese manufacturers
- Caixin #PMI -> privately compiled survey of small and medium manufacturers
Both have a break-even of 50
Caixin is a fantastic leading indicator for the global economy.