China's PMIs for August will begin to be announced on Thursday this week (expected 51.3, prior 51.4), but we do have earlier gauges available for cluse.
Each month Bloomberg summarise these. For August:
Standard Chartered Plc's Small and Medium Enterprise Confidence Index (the bank surveys more than 500 businesses):
- 57.4 for August
- a 4 month high
- Sub-gauges current performance, three-month expectations & credit conditions all higher
Economists wrote in the report:
- "While financial-market deleveraging has led to higher lending rates, we believe the authorities' efforts to channel credit to real activity and maintain steady growth are likely to benefit SMEs eventually."
China Satellite Manufacturing Index (tracks commercial satellite imagery to gauge activity levels across thousands of industrial sites)
- 51.2 in August
- prior was 50.4
Sales Managers Sentiment (via World Economics Ltd)
- Falls to 52.4 in August
- prior 52.8
- Employment flat on the month
"The Chinese economy is maintaining its recent levels of momentum," Chief Executive Officer Ed Jones wrote in a report.
S&P Global Platts China Steel Sentiment Index
- fell to 50.75
- prior 55.32
- Report cites rise in steel prices could limit purchases
