Analysts at Nomura note that China’s official manufacturing PMI rebounded to 51.9 in May from 51.4 in April and though their forecast was above consensus (Consensus: 51.4; Nomura: 51.5), they were still a bit too conservative. Key Quotes “The rebound in May was driven by the “factory output” subindex, especially by ferrous metal processing. Among sub-indices by enterprise size, big enterprises led the rise. Today’s headline and breakdown PMI data confirm our view that suppressed production over the winter and restocking in Q2 could support a rebound in the PMI and industrial production. However, better PMI readings may be short lived, as the growth of end-demand, such as infrastructure and property investment, has slumped in recent months, due at least in part to the government’s deleveraging efforts. We expect the PMI to fall in H2 and the government to continue its moderate policy easing in coming months.” 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 Paolo Savona may be Foreign Minister in a Lega-Five Star government – Corriere FX Street 5 years Analysts at Nomura note that China's official manufacturing PMI rebounded to 51.9 in May from 51.4 in April and though their forecast was above consensus (Consensus: 51.4; Nomura: 51.5), they were still a bit too conservative. Key Quotes "The rebound in May was driven by the "factory output" subindex, especially by ferrous metal processing. Among sub-indices by enterprise size, big enterprises led the rise. Today's headline and breakdown PMI data confirm our view that suppressed production over the winter and restocking in Q2 could support a rebound in the PMI and industrial production. However, better PMI readings may be short… 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.
