China Data Response Foreign Trade (Jul.) Today’s trade and lending figures brought more disappointment. Exports to the US suffered their worst drop since late-2008, while lending fell well short of expectations. 10th August 2012 · 1 min read
China Data Response Manufacturing PMIs (Jul.) Both of China’s manufacturing PMIs for July were slightly worse than anticipated. However, they are still in keeping with recent policy stimulus taking effect. In particular, small firms look to be... 1st August 2012 · 1 min read
China Data Response HSBC/Markit Flash Manufacturing PMI (Jul.) Conditions in China’s manufacturing sector have improved, according to today’s flash PMI, although the recovery could not yet be described as strong. 24th July 2012 · 1 min read
China Data Response GDP (Q2), retail sales, ind. output etc. (Jun.) We continue to believe that China’s economy is not doing as well as the already downbeat official figures suggest. But there are signs that growth will soon pick up. 13th July 2012 · 1 min read
China Data Response Foreign Trade (Jun.) Three points leap out from China’s June trade data. Exports to the US have taken a sudden turn for the worse. Commodity imports have slumped. And the trade surplus has returned to the level it was at... 10th July 2012 · 1 min read
China Data Response Consumer & Producer Prices (Jun.) Consumer price inflation tumbled last month. Underlying price pressures are weak and will be no constraint to further policy easing. Premier Wen made clear over the weekend that the government intends... 9th July 2012 · 1 min read
China Data Response Manufacturing PMIs (Jun.) Both China’s manufacturing PMIs weakened again last month but there were some positive signs. 2nd July 2012 · 1 min read
China Data Response HSBC/Markit Flash Manufacturing PMI (Jun.) China’s manufacturing sector slowed again in June, according to today’s flash PMI, as new export orders dropped away and finished goods inventories rose. Prices seem to be falling fast, opening more... 21st June 2012 · 1 min read
China Data Response Manufacturing PMIs (May) There was further disappointment in today’s manufacturing PMIs from China. But the May surveys were largely conducted before the shift of policy stance in the last third of the month and so tell us... 1st June 2012 · 1 min read
China Data Response HSBC/Markit Flash Manufacturing PMI (May) China’s flash manufacturing PMI for May was, again, very weak. But a turnaround may not be far away, given the recent shift in policy stance. 24th May 2012 · 1 min read
China Data Response Foreign Trade (Apr.) Imports were far weaker than expected last month, raising questions about the strength of domestic demand at the start of Q2. 10th May 2012 · 1 min read
China Data Response HSBC/Markit Manufacturing PMI (Apr.) The final release of the HSBC/Markit manufacturing PMI today turned up some surprises, with new orders much stronger than on the flash estimate and employment far weaker. The headline PMI rose, but... 2nd May 2012 · 1 min read
China Data Response Official Manufacturing PMI (Apr.) Today’s continued pick-up in China’s official PMI adds to the evidence that conditions in manufacturing have stopped deteriorating. But this survey is skewed towards larger firms and so probably... 1st May 2012 · 1 min read
China Data Response HSBC/Markit Flash Manufacturing PMI (Apr.) China’s flash manufacturing PMI for April rose, but the small increase will have disappointed anyone hoping for a clear signal that the economy is bottoming out. 23rd April 2012 · 1 min read
China Data Response NBS business conditions survey (Q1) The results of China’s largest quarterly business survey, released today, reinforce the view that economic activity weakened in Q1, but also suggest that many firms have turned more positive about the... 10th April 2012 · 1 min read
China Data Response Foreign Trade & CPI (Mar.) March’s trade figures from China paint a picture of slow but steady growth in global demand alongside further weakening at home. 10th April 2012 · 1 min read
