Preview comments via Scotia:
- As some restrictions eased in parts of the country, most expect a slight improvement perhaps back into the black on the manufacturing and non-manufacturing PMIs.
- The prior month’s reading had already begun to show a lessening contraction.
- No longer forcing people to be confined to their homes while basically under house arrest is a perverse form of stimulus, I suppose. Other readings on China’s economy are hardly indicating wide-eyed optimism at least in the short-term, including coal plant generation up to mid-June and Metro passenger volumes.
This snapshot from the ForexLive economic data calendar, access it here .
- The times in the left-most column are GMT.
- The numbers in the right-most column are the 'prior' (previous month) result. The number in the column next to that, where is a number, is the consensus median expected.
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Speaking of other indications of a turnaround in China's economy, I posted these earlier in the week ... slowly improving as restrictions ease off:
And:
