The purchasing managers’ index (PMI) for China’s manufacturing sector jumped to 51.1 in July from 50.9 in June, the National Bureau of Statistics (NBS) said Friday. The actual data bettered the consensus estimate of 50.7. A reading above 50 indicates expansion, while a reading below reflects contraction. Meanwhile, the Non-Manufacturing PMI decreased slightly to 54.2 in July from 54.4 in June but bettered estimates of 51.2. The better-than-expected NBS PMI could strengthen the bid tone around the Aussie dollar, other commodity dollars, and base metals. Take note that the NBS figure mainly focuses on state-owned enterprises. 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 EUR/USD Price Analaysis: Bull’s last dance, or is this just the warm up? FX Street 3 years The purchasing managers' index (PMI) for China's manufacturing sector jumped to 51.1 in July from 50.9 in June, the National Bureau of Statistics (NBS) said Friday. The actual data bettered the consensus estimate of 50.7. A reading above 50 indicates expansion, while a reading below reflects contraction. Meanwhile, the Non-Manufacturing PMI decreased slightly to 54.2 in July from 54.4 in June but bettered estimates of 51.2. The better-than-expected NBS PMI could strengthen the bid tone around the Aussie dollar, other commodity dollars, and base metals. Take note that the NBS figure mainly focuses on state-owned enterprises. 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.
