China: Manufacturing PMI for August jumped from 49.9 to 50.4 - TDS

Sandeep Kanihama FXStreet Contributor

Research Team at TDS, notes that it was mixed outcomes from China’s economic releases but positive skew on balance for PMIs today as this sector is expanding.

Key Quotes

“The official Manufacturing PMI for August jumped from 49.9 to 50.4, the highest since 2014 (vs mkt f/c 49.8) but Caixin manufacturing PMI dropped from previous, bang on 50.0 (vs June 50.6). Non manufacturing PMI was little changed at 53.5.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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