Iris Pang, economist at ING, points out that China’s February’s manufacturing PMI data came in at 49.2, lower than January’s 49.5 as new export orders continued to sink, falling to 45.2 in February from 46.9 last month. Key Quotes “One piece of slightly good news comes from new orders, which represent new domestic orders. These rose to 50.6 in February from 49.6 last month.” “Though the non-manufacturing PMI also continued to fall, dropping to 54.3 in February from 54.7 last month, new orders in this sector fell to 50.7, (near the 50 threshold), from 51.0.” “We believe a trade deal, especially over the longer run, will be positive for both the Chinese and US economies. But this will not immediately reflect in economic data.” “Any such deal is unlikely until the end of March at the earliest. This means we probably will have another month or two of bad PMI data before signs of improvement begin to emerge.” 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 Australia: Q4 Capex rose a solid 2% – ANZ FX Street 4 years Iris Pang, economist at ING, points out that China's February's manufacturing PMI data came in at 49.2, lower than January's 49.5 as new export orders continued to sink, falling to 45.2 in February from 46.9 last month. Key Quotes "One piece of slightly good news comes from new orders, which represent new domestic orders. These rose to 50.6 in February from 49.6 last month." "Though the non-manufacturing PMI also continued to fall, dropping to 54.3 in February from 54.7 last month, new orders in this sector fell to 50.7, (near the 50 threshold), from 51.0." "We believe a trade… 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.
