China Fast Figure: PMI by Size

PMI for large enterprises has increased

Large enterprises across the board have increased PMI. PMI numbers from August 2018 ticked up slightly. The increase was buoyed by rising inventories. A key takeaway here is the optimistic expectation for all enterprises. They outstrip production, orders, and inventory. Expectation is fueled by market potential, and the potential is there, but the pressures on production and manufacturing in a trade war could put a damper on the expectations.