Asian Economic Calendar: Key Events and Consensus Expectations for 02 January 2025
Earlier this week we had the official PMIs from China for December:
The manufacturing PMI disappointed, but non-manufacturing jumped solidly higher:
Today we get the second of China's monthly manufacturing PMIs, from Caixin/S&P Global, due at 0145 GMT, which is 2045 US Eastern time:
Ahead of the official PMIs I posted about the differences between the official and the Caixin PMIs. ICYMI, here it is again.
The PMIs (Purchasing Managers' Indexes) from China's National Bureau of Statistics (NBS) and Caixin/S&P Global differ primarily in survey scope, methodology, and focus. Here's a breakdown of the key differences:
By analyzing both, investors and policymakers can obtain a more comprehensive picture of China's economic health and its underlying dynamics.