China's Caixin Manufacturing Purchasing Managers' Index (PMI) rose to 51.4 in April, compared to the expansion of 51.1 seen in March, according to the latest data released on Tuesday.
China 's Caixin Manufacturing Purchasing Managers' Index rose to 51.4 in April, compared to the expansion of 51.1 seen in March, according to the latest data releasedon Tuesday. The reading beat the market forecast of 51.0 in the reported month. Key highlights Production expands at most pronounced pace since May 2023. New export orders rise at the quickest pace in nearly three-and-ahalf years. Selling prices fell again despite highest cost inflation in six months.
8 growth reported in March while beating the estimates of a 50.3 figure. The Non-Manufacturing PMI dipped to 51.2 in the same period vs. March’s 53.0. AUD/USD reaction to China’s PMI data The encouraging ChineseManufacturing PMIfails to inspirethe Aussie Dollar, asAUD/USD flirts with intraday lows near 0.6550, at the time of writing, down 0.20% on the day. Australian Dollar price today The table below shows the percentage change of Australian Dollar against listed major currencies today.
PMI Economicindicator AUDUSD Manufacturing
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