Analysts at Nomura note that the China’s Caixin manufacturing PMI was unchanged at 51.1 in May from April, which is weaker than expected (Consensus and Nomura: 51.2). Key Quotes “This is inconsistent with the rebound in the official PMI released yesterday, but is not wholly surprising as the Caixin PMI includes many more small enterprises in its sample – and the sub-index for small enterprises in the official PMI fell in May. We maintain our view that suppressed production over the winter and restocking activity could support a rebound in industrial production in Q2 before a cooling in H2.” “Despite a flat headline number, the output sub-index rose by 0.1 percentage points (pp) to 51.8 in May, lower than the average of 52.2 in Q1 2018 (2017 average: 51.5). The new orders sub-index, however, rose by 0.2pp to 51.8 in May (2017: 52.1), and the new export orders sub-index by 0.4pp to 49.2. The employment sub-index fell by 0.6pp to 48.6. The input and output price sub-indices both increased, by 0.3pp and 1.7pp, respectively, pointing to rising inflationary pressures.” 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 Forex Today: USD bounces in Asia, UK manufacturing PMI, US payrolls eyed FX Street 5 years Analysts at Nomura note that the China's Caixin manufacturing PMI was unchanged at 51.1 in May from April, which is weaker than expected (Consensus and Nomura: 51.2). Key Quotes "This is inconsistent with the rebound in the official PMI released yesterday, but is not wholly surprising as the Caixin PMI includes many more small enterprises in its sample - and the sub-index for small enterprises in the official PMI fell in May. We maintain our view that suppressed production over the winter and restocking activity could support a rebound in industrial production in Q2 before a cooling in H2." "Despite… 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.
