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Kinas serviceaktivitet vokser langsomst på 6 mdr. i december - RatingDog PMI

Dansk

Kinas serviceindustri udvider sig, men i det langsomste tempo i seks måneder ifølge RatingDog PMI.

Vigtigste pointer:

  • Serviceaktivitet vokser langsommere i december
  • Væksttempo er det svageste siden juni
  • Indikerer mulig afmatning i Kinas indenlandske økonomi

Analyse: Den langsommere vækst i Kinas servicesektor kan indikere en bredere afmatning i forbruget og økonomien. Usikkerhed knytter sig til om dette er midlertidigt eller signalerer længerevarende lavere aktivitet.

Hypotetisk stance: monitor

Betingelser:

  • Klar fortsat nedadgående trend i PMI de næste 2 måneder
  • Relaterede økonomiske data som detailhandel og produktion falder

Relevante aktiver:

  • CHINA50 – China Large Cap Index (importance 2): Exposure to broad China market affected by slower services sector growth. (Skifter hvis: Reversal in service sector PMI and pickup in domestic consumption.)
  • 000001.SS – Shanghai Composite Index (importance 2): Reflective of domestic economic health including services sector performance. (Skifter hvis: Improved PMI data and economic indicators from China.)
  • JPYUSD – Japanese Yen / US Dollar (importance 1): Safe haven currency potentially impacted by volatility from slower Chinese growth. (Skifter hvis: Stabilized or accelerating Chinese economic growth reducing risk aversion.)

Risiko/noter:

  • PMI is a survey-based indicator; may be subject to sampling error and sentiment bias.
  • China’s official data reliability and government intervention can affect accuracy.

English

China’s service sector continues to grow but at the slowest rate in six months according to RatingDog PMI.

Key points:

  • Service activity growth slows in December
  • Weakest expansion since June
  • Potential sign of domestic economic slowdown

Analysis: The slowdown in China’s service sector growth may reflect broader consumer and economic weakness. It is uncertain if this is a temporary soft patch or a sign of a longer-term slowdown.

Hypothetical stance: monitor

Conditions:

  • Sustained decline in PMI over next 2 months
  • Corroborating weaker retail and manufacturing data

Kilde: RSS