Asian Economic Calendar: Key Events and Consensus Expectations for 01 December 2023

<p>Another PMI from China today, this time the privately surveyed Manufacturing PMI for November. </p><p>Yesterday we got disappointing news on the official PMIs:</p><ul><li><a href="https://www.forexlive.com/news/china-november-pmis-manufacturing-494-expected-497-services-502-expected-511-20231130/" target="_blank" rel="follow" data-article-link="true">China November PMIs: Manufacturing 49.4 (expected 49.7) Services 50.2 (expected 51.1)</a></li></ul><p>China has two primary Purchasing Managers' Index (PMI) surveys – the official PMI released by the National Bureau of Statistics (NBS) and the Caixin China PMI published by the media company Caixin and research firm Markit / S&amp;P Global.</p><ul><li>The official PMI survey covers large and state-owned companies, while the Caixin PMI survey covers small and medium-sized enterprises. As a result, the Caixin PMI is considered to be a more reliable indicator of the performance of China's private sector.</li><li>Another difference between the two surveys is their methodology. The Caixin PMI survey uses a broader sample of companies than the official survey.</li><li>Despite these differences, the two surveys often provide similar readings on China's manufacturing sector.</li></ul><p>This snapshot from the ForexLive economic data calendar, <a href="https://www.forexlive.com/EconomicCalendar" target="_blank" title="Click here!">access it here</a>.</p><p>The times in the left-most column are GMT.</p><p>The numbers in the right-most column are the 'prior' (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.</p>

This article was written by Eamonn Sheridan at www.forexlive.com.