Headline SMEI recovered 0.2pts to 50.6 in December; average reading rebounded to above-50 level in Q4. While services activity improved, performance and expectations sub-indices stayed below 50. Manufacturing SMEs continued to outperform on a solid m/m increase in sales and new orders.
Credit conditions remained supportive to SMEs; CNY depreciation expectations increased further, Standard Chartered’s Economist Hunter Chan notes.Services improved, but remained weak“Our proprietarySmall and Medium Enterprise Confidence Index picked up to 50.6 in December from 50.4 in November. Both the performance and expectations sub-indices rebounded to expansionary territory as SMEs’ manufacturing activity accelerated and services sentiment improved. On average, the headline SMEI edged up 0.
”“The performance sub-index for manufacturing SMEs rose to an eight-month high in December as sales, production and new orders remained resilient. The sales sub-index for cross-border trading SMEs edged up to its highest reading since April, indicating resilient external demand. We expect the official manufacturing PMI to stay in expansionary territory at 50.2 for a third straight month in December.”“Non-manufacturing SMEs’ activity remained soft.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China SMEI: Services softened again in November – Standard CharteredHeadline SMEI edged down 0.3pts to 50.4 in November; credit conditions continued to improve.
Read more »
Weekly Horoscope: December 15 - December 21See what this weekly horoscope has in store for you, including why we're getting some much needed clarity.
Read more »
Weekly Horoscope: December 8 - December 14See what the stars have in store for you with this weekly horoscope, including how to navigate the still tumultuous cosmic waters.
Read more »
China Nov factory activity expands for second month as Trump threats loomChina Nov factory activity expands for second month as Trump threats loom
Read more »
China's Nov manufacturing activity seen expanding for second month: Reuters pollChina's Nov manufacturing activity seen expanding for second month: Reuters poll
Read more »
China's military is staying silent on its recent activity around TaiwanChina’s military is keeping silent on its large deployment of naval and coast guard ships off Taiwan this week.
Read more »