China PMIs Slip: Real or Just Sentiment Driven?

Who better to talk about the Caixin China Manufacturing PMI than Caixin Insight Group. In this report they ask the question about whether the slippage in the manufacturing PMIs is an indication of an economic downturn, or just a change in sentiment. To be sure manufacturing is still expansionary, but the rate of growth is declining. At a ┬ácomposite level, China’s PMIs are in decline, which Caixin Insight Group reckon means that 4Q China growth could be under pressure. Click below to request a trial with the Caixin service.