China's NBS Manufacturing PMI expands to 50.2 in June vs. 50.5 expected

Dhwani Mehta FXStreet

The official purchasing managers' index (PMI) for China's manufacturing sector expanded to 50.2 in June from 49.6 in May, the latest data published by the National Bureau of Statistics (NBS) showed on Thursday. The actual data missed the consensus estimate of 50.5.

Meanwhile, the country’s Non-Manufacturing PMI rebounded firmly to 54.7 in June vs. 52.5 expected and 47.8 booked in May.

A reading above 50 indicates expansion, while a reading below suggests contraction.

Market reaction

Mixed NBS PMI numbers put a fresh bid under the aussie dollar, with AUD/USD popping up 10-pips to near 0.6875. The pair is down 0.15% on the day at the time of writing.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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