Economic calendar in Asia Monday, November 3, 2025 brings another China PMI reading
2025-11-02 21:04:00
A couple of notes:
- The US and Canada switched off daylight saiving over the weekend. If you trade into North American markets you may nee to adjust your times
- It’s a market holiday in Japan today for Culture Day
Featuring on the data agenda is the October 2025 Rating Dog China PMI published by Markit / S&P Global. Its expected to dip back from September but remain in expansion.
China has two primary Purchasing Managers’ Index (PMI) surveys – the official PMI released by the National Bureau of Statistics (NBS) and the Rating Dog China PMI published by Markit / S&P Global.
The official PMI survey covers large and state-owned companies, while the Caixin PMI survey covers more 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.
Another difference between the two surveys is their methodology. The Caixin PMI survey uses a broader sample of companies than the official survey. Despite these differences, the two surveys often provide similar readings on China’s manufacturing sector.
We had official PMIs on Friday last week, manufacturing was a disappointment:
