A private gauge of China’s manufacturing sector, which focuses more on small and medium-sized export-oriented units, ticked higher in July. The Caixin China manufacturing purchasing manager’s index (PMI) rose to 52.8 in July from 51.2 in May, Caixin Media Co., and research firm Markit said on Monday. The reading came in well above 50, indicating expansion and beat the consensus estimate of 51.3. The above-forecast Caixin PMI highlights the improvement in the global demand conditions and could put a bid under equities and China-sensitive currencies like the Aussie dollar. The National Bureau of Statistics Manufacturing PMI, which focuses on state-owned enterprises, also rose to 51.1 in July from 50.9 June, the official data released on Friday showed. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD struggles above 0.7100 despite upbeat China Caixin Manufacturing PMI FX Street 3 years A private gauge of China’s manufacturing sector, which focuses more on small and medium-sized export-oriented units, ticked higher in July. The Caixin China manufacturing purchasing manager’s index (PMI) rose to 52.8 in July from 51.2 in May, Caixin Media Co., and research firm Markit said on Monday. The reading came in well above 50, indicating expansion and beat the consensus estimate of 51.3. The above-forecast Caixin PMI highlights the improvement in the global demand conditions and could put a bid under equities and China-sensitive currencies like the Aussie dollar. The National Bureau of Statistics Manufacturing PMI, which focuses on… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
