Official China PMIs data is here: China Feb Manufacturing PMI 49.2 (vs. 49.5 expected)

Manufacturing PMI 49.2

  • expected 49.5, prior 49.5

Non-Manufacturing PMI 54.3

  • exp 54.5, previous was 54.7

Composite PMI 52.4

  • previous Dec 53.2

More:

Manufacturing:

  • 3rd consecutive month in contraction
  • three year low
  • Export performance weighing amidst the trade tensions with the US
  • Domestic demand faltering also
  • the sub index showing output is down to its lowest since January of 2009
  • the sub index for new export orders, lowest since February of 2009

Services PMI

  • came in lower in in February after a 2 month rebound
  • Its likely showing the familiar cooling property market and also struggling domestic demand

A caveat on the results are the distortions around lunar new year, always a hazard for January and February China data

AUD dropped on the release of the PMIs:

china pmi