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- China's NBS Manufacturing PMI expands to 50.3 in December vs. 50.1 expected
China's NBS Manufacturing PMI expands to 50.3 in December vs. 50.1 expected
The purchasing managers' index (PMI) for China's manufacturing sector expanded more than expected to 50.3 in December from 50.1 booked in November, the latest data published by the National Bureau of Statistics (NBS) showed Friday.
The actual data beat the consensus estimate of 50.1 by a small margin.
Meanwhile, the Non-Manufacturing PMI rose to 52.7 in the reported month from November’s reading of 52.3 and against the expectations of 53.1.
A reading above 50 indicates expansion, while a reading below suggests contraction.
Implications for AUD/USD
Mixed Chinese NBS PMIs served have limited impact on the aussie dollar, as AUD/USD keeps its range around 0.7250 amid thin year-end liquidity conditions.
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