HSBC China April Flash Manufacturing PMI is at 0145GMT; this release is a focus for the AUD market. Last week’s Chinese GDP figure came in below expectations and was a bit of a shock for the market. The market will be looking today at this HSBC release to try to assess the likely potential for Chinese economic growth.
- The March figure came in at 51.6
- And expected today for April is 51.6
Any miss in the figure (i.e if it comes in below expectations) should be a negative for AUD, as it calls into doubt the strength of China’s economy.
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