China's NBS Manufacturing PMI expands to 50.3 in December vs. 50.1 expected

Dhwani Mehta FXStreet

The purchasing managers' index (PMI) for China's manufacturing sector expanded more than expected to 50.3 in December from 50.1 booked in November, the latest data published by the National Bureau of Statistics (NBS) showed Friday.

The actual data beat the consensus estimate of 50.1 by a small margin.

Meanwhile, the Non-Manufacturing PMI rose to 52.7 in the reported month from November’s reading of 52.3 and against the expectations of 53.1.

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

Implications for AUD/USD

Mixed Chinese NBS PMIs served have limited impact on the aussie dollar, as AUD/USD keeps its range around 0.7250 amid thin year-end liquidity conditions.

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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