China suspended PMI details due to accuracy concerns – NBS

FXstreet.com (Barcelona) – Earlier this year, China announced it would suspend the release of industry-specific data from a purchasing managers’ index for manufacturing, which is one of the most closely followed economic data reports in the world.

According to Bloomberg, the reason behind is accuracy concerns, the Chinese National Bureau of Statistics said. As quoted by Bloomberg, citing Sheng Laiyun, a statistics agency official: “We can’t ensure all industry-specific data can reach accuracy requirements, as samples in some industries are very small, and accidental changes may affect overall data quality — we were concerned that some of the numbers may …read more