Data on China. This night and until the end of the week!
Dear traders,
This night, at 03:00 (Kiev), the All-China Association for Logistics and Procurement will publish the index of business activity in the manufacturing sector (PMI) of China for January. It is expected that this indicator will decrease moderately to 51.5 after 51.6 in December.
At 03:45 on Friday, the Caixin report on the index of business activity in the manufacturing sector (PMI) of China will be published. Economists predict that this figure will increase by 0.2 points to 51.3.
The index of business activity (PMI) is a good indicator of economic conditions, and some economists even prefer to use this index instead of the value of GDP, which can be subject to temporary changes and is often revised.
If the value of this index exceeds 50, this indicates an economic growth in the manufacturing sector, and a value below 50 indicates an economic downturn.
In the fourth quarter, China’s economy grew at an annual rate of 6.8%, thanks to a recovery in the industrial sector, strong performance in the property market and a significant increase in exports.
Be aware of developments with analytical support from Ester!
Have a good evening!
We would like to remind you that you can always get acquainted with the upcoming news in the Economic Calendar, and in the Analytics section there are technical analysis, experts’ opinions and news feed!
Hotline +448 000 698 464