- Analytics
- News and Tools
- Market News
- China's NBS Manufacturing PMI improves to 49.0 in June vs. 49.0 expected
China's NBS Manufacturing PMI improves to 49.0 in June vs. 49.0 expected
China's official Manufacturing Purchasing Managers' Index (PMI) arrived at 49.0 in June as against the 48.8 contraction seen in May, the latest data published by the country’s National Bureau of Statistics (NBS) showed on Friday. The market had estimated a 49.0 figure.
The index rebounded from a five-month low but remained below the 50 mark that separates expansion from contraction.
The NBS Services PMI eased to 53.2 in June, compared with 54.5 reported in May while beating expectations of 50.8.
AUD/USD reaction
The mixed readings of the Chinese PMIs dragged the Aussie Dollar lower, with AUD/USD challenging 0.6600. The spot is trading at 0.6605, at the time of writing, down 0.05% on the day.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
