The Caixin PMI index, surveying small-to-medium size businesses, dropped to 40.3 from 51.1 in January. Both readings mark contractionary territory – a negative development specifically for the container shipping sector. Particularly relevant for shipping, the ‘Production Index’ took ...
Finally,PMI survey data from S&P Global and Caixin showed the mainland Chinese economy losing growth momentum at the start of the third quarter. A renewed manufacturing downturn was accompanied by relatively subdued service sector growth compared to e...