Author: Eamonn Sheridan

This is official manufacturing PMI, we'll get the private survey (Caixin / Markit) during the week

Comes in at 51.2
  • expected 51.7
  • prior 51.8
The previous result (March) improved, higher prices & property-boom related demand helpimg it along. A slip this month though, and a miss on expectations.
The non-manufacturing PMI for April has also slipped from March (separate post).
As an input to the AUD these will be a negative.            

Earlier this week Bloomberg had a piece up on some of the other private-sector economic indicators:
  • Standard Chartered Plc's Small and Medium Enterprise Confidence Index
  • The China Economic Panel, a joint project of The Centre for European Economic Research (ZEW) in Mannheim, Germany, and Fudan University in Shanghai
  • China Satellite Manufacturing Index
  • Sales manager sentiment
  • S&P Global Platts China Steel Sentiment Index
Like the two PMIs from China today, these showed a small loss of momentum for the economy.

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Author: Eamonn Sheridan

China Services PMI (April): 54.0 (prior was 55.1)

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