China NBS Manufacturing PMI eased to 49.1 in February, Services PMI improved to 51.4

Lallalit Srijandorn FXStreet

China’s official Manufacturing Purchasing Managers' Index (PMI) eased to 49.1 in February from the previous reading of 49.2, the latest data published by the country’s National Bureau of Statistics (NBS) showed on Friday. Markets expected a 49.1 readout in the reported month.

The NBS Non-Manufacturing PMI improved to 51.4 in February versus 50.7 in January, stronger than the estimation of 50.8.

Furthermore, the China's Caixin Manufacturing Purchasing Managers' Index (PMI) rose to 50.9 in February when compared to the January reading of 50.8, above the market consensus of 50.6.

Market reaction

At the time of writing, the AUD/USD pair is trading around 0.6505, up 0.09% on the day.

Author

Lallalit Srijandorn

FXStreet

Lallalit Srijandorn is a Parisian at heart. She has lived in France since 2019 and now becomes a digital entrepreneur based in Paris and Bangkok.

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