China services PMIs from Caixin / Markit: 52.5 (expected 53.2)

This completes the December PMI data from China

services disappoint at 52.5

• expected 53.2 and prior 53.5

composite 52.6

• prior 53.2

Today is the day the PBOC RRR cut takes effect. Probably none to soon either. A result showing momentum coming uot of the Chinese ecnomy.

more to come

• China Dec. PMIs: Manufacturing 50.2 (vs. expected 50.1) & Services 53.5 (expected 54.2)
• China Caixin Manufacturing PMI for December: 51.5 (expected 51.6)