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  • 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.