PMI

Economic Signals from China: Slowdown in Service Sector Growth

5 months ago

The Chinese services sector, an important indicator of the country's economic health, has shown signs of slowing growth, raising concerns about future implications for economic stability. Recent data revealed that the Purchasing Managers' Index (PMI) for services dropped to 51.5 in August from 54.1 in July. This figure, while still above the crucial 50 threshold, indicates a decline in activity in this sector.

Chinese Factory Activity Declines Further in August Amid Rising Economic Headwinds

5 months ago

In August 2024, the manufacturing activity index in China continued its downward trend, raising concerns about the country's economic health. Official data revealed that the PMI (Purchasing Managers' Index) fell to 49.7 points from 50.0 in July. This reading, below 50, indicates a contraction in manufacturing activity, signaling serious economic issues facing China.

India's Economic Activity Slips Slightly, Flash PMIs Show

5 months ago

According to the latest data released on August 22, 2024, India's economic activity has experienced a slight downturn. The preliminary Purchasing Managers' Index (PMI) for the manufacturing sector fell to 54.7 in August, down from 55.7 in the previous month. Despite this, a reading above 50 still indicates continued growth, albeit at a slower rate than before.