List of Flash News about China Caixin Manufacturing PMI
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2025-06-03 12:47 |
China Caixin Manufacturing PMI Drops to 48.3 in May 2025: Implications for Crypto Traders
According to The Kobeissi Letter, China's Caixin Manufacturing PMI dropped by 2.1 points to 48.3 in May 2025, its lowest since September 2022 and the first contraction since September 2024. This index, which tracks small and medium-sized non-state businesses, signals weakening economic activity and increased risk sentiment in Asian markets (source: The Kobeissi Letter, June 3, 2025). Crypto traders should monitor potential capital outflows from Asian equities and increased volatility in major cryptocurrencies, as risk-off sentiment could drive investors toward stablecoins or alternative assets. |