China PMI and Economic Restart
The National Bureau of Statistics of China releases every month the official Purchasing Managers’ Index for Manufacturing and Non-manufacturing sectors.
Purchasing Managers Index (PMI) is an index summarized and compiled through the results of the monthly survey of enterprises purchasing managers. It is one of the leading indices adopted by international society to monitor and forecast macroeconomic trends.
The threshold of PMI is usually using 50 percent as the cut-off point for economic performance. If PMI above 50 percent, it reflects the overall economy is expanding; if less than 50 percent, it reflects the overall economy is in recession.