- Prior was 50.3
- Preview is here (includes graph of past results)
- Output to 52.6 from 52.4
- New orders 52.4 from 50.6
- export orders 50.4 from 49.0
More (source Reuters):
On September 2, at 0145GMT the HSBC/Markit China Manufacturing PMI for August is announced:
- The Flash reading for the HSBC PMI, released August 22, came in at 50.1, July was at 47.7
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I was asked about the likely impact on AUD in the comments, may as well reproduce them here in the post:
despite all the market misgivings about the veracity of Chinese data, and the PMI in particular now that it its details are kept secret, the better than expected result is a positive input for the AUD. It needs all the help it can get given its weakness.
The PMI is only one input, though.
Any impact will be short-lived, there is plenty of economic data due from Australia on Monday, including building approvals, which are a big market focus (I’ll have a preview tomorrow morning of this)
