These are the official PMIs, released by China Federation of Logistics & Purchasing and National Bureau of Statistics
Manufacturing PMI for August right on expectations at 49.7, lower on the month
- expected is 49.7
- prior was 50.0
Non-manufacturing PMI for August slightly down on last month at 53.4
- prior was 53.9
The manufacturing PMI is at its lowest in 3 years, and this move into contraction is for the first time in 6 months
-
AUD down a few tics:
Looks like a huge fall ... but check out the scale and its only a few points.
Still .... not a good number our of China
More data to come soon from China and Australia