The Caixin / Markit PMI is the private survey (not the official NBS survey)
- Services PMI to a 6 month high ... bouncing from December's 17-month low
- The employment sub index had its biggest jump in 6 months (51.3 to 51.8)
- The Composite index is being held back by weakness in the Manufacturing PMI (see below)
Neither of these results today are likely to engender a feeling of euphoria in the stock markets :-D
Still, better than a poke in the eye with a sharp stick.
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We got the official and private PMIs released earlier this week:
- China manufacturing PMI for January 49.4
- China January Caixin manufacturing PMI: 48.4 (expected 48.1)
