China Caixin manufacturing data:
- Prior was 51.7
- Fourth consecutive reading above 50
- Best reading since December 2016
- Output 52.9 vs 53.0 prior
- New orders at the lowest since Sept
- First time above 50 in employment in 8 months
On the weekend, the official China manufacturing PMI rose to 50.2 from 49.3 but it focuses more on heavy manufacturing, which are often companies that are more export-oriented.
