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China Official May PMIs: Manufacturing 48.8 (expected 51.4) Services 54.5 (expected 54.9)

China Official May PMIs: Manufacturing 48.8 (expected 51.4) Services 54.5 (expected 54.9)
From China's National Bureau of Statistics (NBS), the manufacturing PMI comes in at 48.8expected 51.4, prior 49.2that expected is via Bloomberg, Reuters survey was 49.5 expectedNon-manufacturing PMI comes in at 54.5expected 54.9, prior 56.4Composite PMI is 52.9prior 54.4China's factory sector fell even further into contraction in May. --Background to this:Goldman Sachs China PMI preview - leading indicator suggests manufacturing stabilisingPreview of China official PMI data - manufacturing is li... Read More
Posted: May 31 2023, 01:30
Author Name: forexlive
Views: 110815

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