Economics
China's Earliest Monthly Economic Indicators Flash Warning Sign
- Minxin PMI declines, snapping two months of increases
- Baidu index drops, MNI sentiment weakens as challenges mount
China Outlook: Further Weakness in the Economy?
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China’s economy is still showing a muted response to waves of monetary and fiscal easing as of the half-way mark for the last quarter of the year, some of the earliest indicators suggest.
A privately compiled purchasing managers’ index and a gauge based on search engine interest in small and medium-sized businesses deteriorated this month, while a sentiment indicator dropped sharply from October. Combined, the reports make gloomy reading ahead of official releases, the earliest of which will be manufacturing and services PMI reports due Dec. 1.