Data on China this night and during the week!
Dear traders,
This night, at 03:00 (Kiyv), the China Federation of Logistics and Purchasing will publish the index of business activity in the manufacturing sector (PMI) of China for February. It is expected that this indicator will grow moderately to 51.4 after 51.3 in January.
At 03:45 on Thursday, the report of Caixin on the index of business activity in the manufacturing sector (PMI) of China will be published. Economists predict that this figure will decrease 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 on an annualized basis to 6.8%, thanks to a recovery in the industrial sector, robust performance in the real estate market and a significant increase in exports.
Stay informed about this week’s economic events!
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!
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