China Manufacturing PMI: 51.2 (vs. 50.3 expected)

Official October manufacturing PMI from China, much higher than expected at 51.2

• expected 50.3


• prior 50.4

• 3rd consecutive month of expansion for the manufacturing PMI


• At 51.2, highest since July 2014

Government stimulus spending will be cited as a big factor in the improvement here

The services PMI hit a little earlier than scheduled: China Services PMI 54.0 (prior 53.7)

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Also, still to come from China, due at 0145GMT, the private, Caixin, manufacturing PMI

• expected 50.1, prior 50.1

The Caixin measure is a different survey, different firms (tending to be small firms than those surveyed for the official PMI)

China Manufacturing PMI: 51.2 (vs. 50.3 expected)
China Manufacturing PMI: 51.2 (vs. 50.3 expected)
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