MNI;s China Business Sentiment Indicator is a gauge of current business confidence
- Higher for new orders & output on the month
- Recent fall in the yuan also underpinned sentiment
Says MNI:
- Business conditions will likely continue to hold up
- Alongside the increase in overall business sentiment, key activity indicators also pointed to a significant improvement during the month
- Production Indicator rising to a thirteen-month high of 58.0
- Companies expected increased activity to continue over the next three months