Link to the recap of the ‘official’ PMI released earlier today – which showed Fastest growth in 18 months (since April 2012)
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For the HSBC Manufacturing PMI:
- Came in at 50.9
- Flash was 50.9 a week ago, expected was 50.7 for today and September’s result was 50.2
- At 50.9 its it’s the strongest in 7 months
- Output increased for 3rd consecutive month, and is now at a 6-month high
- new orders and new export orders up at a faster clip
- “a number of panellists citing greater demand in the US in particular”
Earlier, we saw an improved ‘official’ PMI also
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Meanwhile, AUD/USD has stabilized around 0.9465 after a good amount of positive input data for it yesterday and today. The extent of the bounce from its lows overnight is pretty disappointing, though. At least so far.
