- Chinese data beats estimates by a fraction once again.
- AUD can find some support on the data ahead of next week’s RBA.
China July Caixin manufacturing PMI was released at with expectations for a near steady reading of 49.5 following yesterday’s 49.7 in the official survey.
The data arrived as follows:
49.9 vs that 49.5 – which is another positive for the Aussie ahead of next week’s RBA.
More to come…
About The Caixin China Manufacturing PMIâ„¢
The Caixin China Manufacturing PMIâ„¢, released by Markit Economics, is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 400 private manufacturing sector companies.
Share
