China Caixin/Markit manufacturing PMI 53.0 (expected 53.1)

We had the official PMIs earlier: China Manufacturing PMI 51.5 vs. 51.3 expected

This the private survey.

China Caixin/Markit manufacturing PMI 53.0

• expected 53.1, prior 53.1

Caixin comments:

• "The recovery in manufacturing has maintained its momentum in the wake of the Covid-19 epidemic, with both the supply and demand surging"
• "The sharp rise in overseas demand has complemented the domestic market"
• the job market remains worrisome
• the improvement in employment relies on a longer-term economic recovery and a more stable external environment
• In the near future, great uncertainties remain about the overseas pandemic and the U.S. presidential election