PMI Production Activity Index The indicator will be published on Saturday, August 31, at 01:00 GMT. At the end of this week, Chinese sentiment data for August will be published, while consensus forecasts suggest that the PMI production index will slightly decrease, and will continue to indicate a decrease in activity. . For most of 2019, the manufacturing PMI was in the territory of contraction, i.e. below 50 points, as trade tensions between the U.S. and China escalated over the course of the year. Given China’s plans to introduce reciprocal tariffs against the United States, experts expect further deterioration in sentiment data in China. It is also predicted that the non-production activity index will also begin to soften over time. Nevertheless, he is likely to remain in the expansion territory for the time being. As trade tensions between the US and China continue to increase, it is expected that China’s economic slowdown will be sharper than previously thought. On average, experts predict that GDP growth may slow down to 5.8% in 2020, while tariffs are likely to push consumer inflation in China. According to forecasts, the index fell to 49.6 points in August from 49, 7 points in July.