SMM1, March 2-Today, focus on China Caixin manufacturing PMI data, Caixin China manufacturing purchasing managers index (PMI) is by Caixin and British research firm Markit Group Ltd. The joint compilation is a measure of the state of the manufacturing sector in China's overall manufacturing situation, employment and price surveys. The index, previously released by the CLSA Asia-Pacific market, is also known as the CLSA China Purchasing managers Index (CLSA China PMI). Since October 2015, Caixin Manufacturing PMI has cancelled the release of the "preview value", so it is released only once a month and 45 minutes after the official manufacturing PMI data (09:45 on the 1st of each month). The manufacturing PMI index is a leading indicator of the health of the economy, with a reading above 50 indicating expansion in the manufacturing sector in favour of the Australian dollar. On the contrary, less than 50 indicates that China's manufacturing sector has shrunk, which is bad for the Australian dollar.
In addition, major euro zone countries Germany, Britain, and France will announce December Markit manufacturing PMI, in the afternoon, Germany announces the actual annual rate of retail sales in Germany in November, and retail sales (Retail Sale), is a statistical summary of the amount of retail sales. The total value of goods sold in cash or credit by all stores, with the exception of the service industry, which are mainly engaged in retail business. This indicator is a leading indicator of consumer spending, which in turn is the most important part of overall economic activity. Retail sales increased, positive for the euro.
In addition, we can pay attention to the monthly rate of wholesale inventory in the United States, which is released once a month by the Bureau of Business Statistics, which reflects the change in the total value of items in wholesalers' inventory and temporarily idle resources to meet future needs. Wholesalers act as middlemen between manufacturers / importers and retailers, and their inventory can be used as one of the leading indicators of the economy. The rapid growth of wholesale inventory shows that wholesalers are optimistic about the economic prospect. This indicator is a signal of future business spending. High wholesale inventories indicate a mountain of unsold goods, suggesting that retailers are facing lagging consumer demand and reluctance to buy goods. On the contrary, the decline in wholesale inventories indicates that retailers buy more goods to meet strong or growing demand. Because wholesale inventories reflect retailers' demand for manufacturers' goods, the report provides an early sign of the spending power of potential consumers.
Today's important financial data are shown in the table below:
