China Manufacturing PMI (April): 51.2 (expected 51.7)

This is official manufacturing PMI, we"ll get the private survey (Caixin / Markit) during the week

Comes in at 51.2

• expected 51.7


• prior 51.8

The previous result (March) improved, higher prices & property-boom related demand helpimg it along. A slip this month though, and a miss on expectations.

The non-manufacturing PMI for April has also slipped from March (separate post).

As an input to the AUD these will be a negative.            

Earlier this week Bloomberg had a piece up on some of the other private-sector economic indicators:

• Standard Chartered Plc"s Small and Medium Enterprise Confidence Index


• The China Economic Panel, a joint project of The Centre for European Economic Research (ZEW) in Mannheim, Germany, and Fudan University in Shanghai


• China Satellite Manufacturing Index


• Sales manager sentiment


• S&P Global Platts China Steel Sentiment Index

Like the two PMIs from China today, these showed a small loss of momentum for the economy.

China Manufacturing PMI (April): 51.2 (expected 51.7)
China Manufacturing PMI (April): 51.2 (expected 51.7)
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