广发宏观:10月PMI、宏观面与股债定价

广发证券股份有...
Nov 05

报告摘要:10 月PMI 数据整体略低于预期:制造业PMI 为49.0,环比下降0.8 个点。尽管10 月由于工作日减少,历史上多数情形下环比下降,但此次降幅要略大于季节性均值,2017-2023 年下行年份的均值为-0.6。两个价格指标在前期上行后,10 月连续第二个月回踩。前期出来的10 月EPMI、BCI 数据均相对偏强,三大软指标分化,短期经济再次缺少一致性信号。据同花顺数据(下同),10...

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