by Chris Becker
It’s PMI day in China – an important economic print that will have iron ore and other commodities moving, let along satellite stock markets like the ASX200. Today’s headline manufacturing PMI print came in a little lower than expected at 51.4 vs 51.5, slightly below last month’s 51.7 with non-manufacturing at 54.5
Anything above 50 indicates expansion, but its pretty clear that a “soft landing” remains in place:
Here’s the inside numbers, from Forexlive:
Advertisement
Some of the sub indexes:
- New orders down to 52.8 (from 53.1 in June)
- Output 53.5 (54.4)
- Employment 49.2 (49.0)
- new export orders 50.9 (52.0)
Prices higher:
- Input prices 57.9 (50.4 in June)
- Output prices 52.7 (49.1)
Commentary from the Statistics Bureau:
-
Construction sector expected to continue fast growth
-
Companies confidence higher for future