Morning Bites

🌏Global manufacturing PMIs mainly improved in February. The Eurozone Markit Manufacturing PMI was 47.6 (vs. 46.6 in January), while the US ISM manufacturing PMI stood at 50.3

🇨🇳The official NBS Manufacturing PMI in China was 50.2 (vs. 49.1 a month ago). Meanwhile, the Caixin China Manufacturing PMI stood at 50.8

🇮🇳 India’s manufacturing PMI of 56.3 remains one of the strongest indicators among the world's key economies

❗️Global PMIs slightly improved in February, but the EU index remains well below 50.0, underlining the ongoing slowdown in European manufacturing activity. Meanwhile, we reiterate our view that China’s upcoming fiscal stimulus, which we expect to be announced in an annual parliamentary meeting (held from March 4 to 11) might bolster local demand for industrial metals this year (e.g. steel, aluminum and copper)

#PMIs
https://metals-wire.com/news-reports