• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

China’s Manufacturing and Non-Manufacturing PMIs Beat Estimates despite Omicron-led Disruptions

March 1, 2022 by Forex Winner Leave a Comment

China’s Manufacturing and Non-Manufacturing PMIs Beat Estimates despite Omicron-led Disruptions

Source: National Bureau of Statistics of China

China’s economy gathered pace in February, signaling the government’s pro-growth policies have begun to take effect, even though small companies are still struggling. CSI 300 Index up +0.83%, CNY USD down -0.06%

  • The official manufacturing purchasing manager’s index jumped to 50.2, topping the average estimate of 49.8 by economists in a Bloomberg survey.
  • The non-manufacturing gauge, which tracks activity in both the construction and services sectors, rose to 51.6, above the consensus forecast.
  • Manufacturing activity at the start of every year is usually distributed by the Lunar New Year Holidays, which dropped largely in February this year. 
  • Zhao Qinghe, an NBS senior statistician, stated that production in the manufacturing industry bounced back to normal after the Spring Festival.
  • Qinghe further stated that government policies adopted to boost steady economic and industrial growth also bolstered companies’ business confidence further.
  • The rapid growth in China’s activity comes with a broad improvement in PMIs in Southeast Asia last month as countries overcome Omicron-led virus outbreaks

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

How to Predict Forex Movement?

November 30, 2022

The Red Dog Reversal: A Strategy for Day or Swing Trading

November 9, 2022

Tron DAO to Pull Out Additional 3 Billion TRX

Tron DAO to Pull Out Additional 3 Billion TRX

June 16, 2022

Footer

Forex Broker Reviews

hycm

HYCM Review

September 9, 2019 By Forex Winner

simplefx

SimpleFX Review

December 19, 2019 By Forex Winner

exness

Exness Review

September 10, 2019 By Forex Winner

Forex Robot Reviews

Profit Lab EA Review

Profit Lab EA Review

June 28, 2022 By Forex Winner

GoodMorning EA

GoodMorning EA Review

June 23, 2022 By Forex Winner

FxHT Daily Trend EA Review

FxHT Daily Trend EA Review

June 22, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2023 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure