The official NBS Manufacturing PMI in China, coming out a little late but better than never!

A slight miss on expectations, coming in at 51.4 vs. the 51.5 expected

  • June's was 51.7

Some of the sub indexes:

  • New orders down to 52.8 (from 53.1 in June)
  • Output 53.5 (54.4)
  • Employment 49.2 (49.0)
  • new export orders 50.9 (52.0)

Prices higher:

  • Input prices 57.9 (50.4 in June)
  • Output prices 52.7 (49.1)

Commentary from the Statistics Bureau:

  • Construction sector expected to continue fast growth
  • Companies confidence higher for future

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ps. Meanwhile on futures, iron ore is up 6.3% on the day as I update, rebar up 3%