China flash manufacturing PMI lifts

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manufacturing

by Chris Becker

The HSBC monthly flash manufacturing PMI has printed at 50.5 for September. The August print was 50.2, with the September print forecast to be 50 – indicating no expansion or subtraction – this is a slightly better result than expected.

The Aussie dollar bounced over 20 pips up on the release and is threatening the 89 level, while Aussie stocks have retraced most of this morning’s losses.

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Heres a link to the full report at Markit – looks like new orders, including exports are increasing while price pressures are easing.