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China Suspends Pmi Details In New Hurdle For Analysis: Economy

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http://www.bloomberg.com/news/2013-07-04/china-suspends-pmi-data-in-added-hurdle-for-scrutiny-of-economy.html

China suspended the release of industry-specific data from a monthly survey of manufacturing purchasing managers, with an official saying there’s limited time to analyze the large volume of responses.

“We now have 3,000 samples in the survey, and from a technical point of view, time is very limited -- there are many industries, you know,” Cai Jin, vice president of the China Federation of Logistics & Purchasing, which compiles the data with the National Bureau of Statistics, told reporters yesterday in Beijing.

..

Economists in a May survey by Bloomberg News said January-April export growth was overstated by 4 to 13 percentage points, while Bank of America Corp. estimated the trade surplus for the period was one-tenth the official figure. Shen Danyang, a Commerce Ministry spokesman, said last month that data on trade with Hong Kong were inflated by arbitrage transactions that skirted rules.

..

Earlier this week, a person involved in producing PMI data on China’s steel industry said that the release was suspended after the statistics bureau decided to change how the figures are compiled.

Damned statistics.

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  • 242 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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