China Macroeconomics & Academia

Christopher Balding

Macroeconomics

<p>The recent release of low PMI in February has caused concern about the Chinese economic outlook.  Given the Chinese New Year seasonal fluctuations, we would always caution against reading too much in to February data. Currently the country is using less energy, throughout Chinese New Year. This trend can be seen when looking at older coal consumption data or production data for steel and chemical products.</p><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/045/921/original/Slide1.PNG?1519899020" class="editor-image img-responsive" data-smartkarma-image-id="45921"></figure><div class="content-caption">Figure 1</div><p>As we can see in Figure 1, the general daily coal consumption is rising throughout…</p>

The recent release of low PMI in February has caused concern about the Chinese economic outlook.  Given the Chinese New Year seasonal fluctuations, we would always caution against reading too much in to February data. Currently the country is using less energy, throughout Chinese New Year. This trend can be seen when looking at older coal consumption data or production data for steel and chemical products.Figure 1As we can see in Figure 1, the general daily coal consumption is rising throughout…

What Drove the PMI Reading?