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China’s Minxin suspends release of PMI indexes

by ChemOrbis Editorial Team - content@chemorbis.com
  • 22/12/2015 (14:49)
According to media reports, China’s unofficial Minxin purchasing managers index (PMI) compiled by China Minsheng Banking Corp. and the China Academy of New Supply-side Economics will be suspended as of this month as the publishers of the index will make a "major adjustment" in their calculations. The Minxin PMI is based on surveys of more than 4,000 companies, about 70% of which are smaller enterprises.

Previously, Markit Economics and Caixin Media also reported that they stopped the release of a flash gauge of a purchasing managers’ index for China as of October 1. There is no timetable for when these publications will resume.
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