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Blokland’s daily sketch

Blokland’s daily sketch

03-06-2020

China’s services PMI highest in almost 10 years

  • Jeroen Blokland
    Jeroen
    Blokland
    Portfolio Manager

The Caixin China Services PMI rose sharply in May, comfortably beating expectations. At 55.0, the services PMI reached its highest level in almost ten years. Obviously this is positive news in general, but the fact that the services sector – for which lockdowns and other Covid-19 related measures could have a longer-lasting impact – is recovering so well is especially encouraging. If China remains a blueprint for how economies can get out of this crisis, then better times are ahead for other parts of the world as well.

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As a senior portfolio manager I use charts to illustrate financial issues every day. I tweet my favorites as @jsblokland and was named 'one of the 50 most important people for investors to follow in 2018' by MarketWatch.
Previous editions of the daily sketch can be found on my personal financial markets blog. All graphics provided are collected from Bloomberg data and public websites. They do not always reflect my personal opinion and may also not necessarily reflect the opinion of Robeco. Please cite all references or quote the original source if replicating content.

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