China’s official Manufacturing Purchasing Managers' Index (PMI) dropped from 50.4 in April to 49.5 In May, the latest data published by the National Bureau of Statistics (NBS) showed Friday.
China ’s official Manufacturing Purchasing Managers' Index dropped from 50.4 in April to 49.5 In May, the latest data published by the National Bureau of Statistics showed Friday. The reading missed the market consensus of 50.5 in the reported month, by a wide margin. The index continued to hold above the 50 mark, which separates expansion from contraction. The NBS Non- Manufacturing PMI declined to 51.1 in May versus April’s 51.2 figure and the estimates of 51.5.
The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive. How does the health of the Chinese Economy impact the Australian Dollar? China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar .
PMI Economicindicator AUDUSD Manufacturing
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
German Preliminary Manufacturing PMI jumps to 45.4 in May vs. 43.1 expectedThe German manufacturing sector’s pace of contraction slowed in May while the services sector outperformed, the preliminary business activity report published by the HCOB survey showed Thursday.
Read more »
EUR/GBP rises toward 0.8550 due to improved Eurozone Manufacturing PMIEUR/GBP advances to near 0.8520 during the European session on Thursday, as the Euro appreciates following the improved Eurozone Preliminary Manufacturing Purchasing Managers Index (PMI).
Read more »
Silver Price Forecast: XAG/USD bounces back to $26.60 after weak US Manufacturing PMI reportSilver price (XAG/USD) recovers strongly from four-month low of $26.30 as the United States Institute of Supply Management (ISM) has reported a weak Manufacturing PMI report for April.
Read more »
US ISM Manufacturing PMI drops to 49.2 in April vs 50.0 expectedThe business activity in the US manufacturing sector contracted in April, with the ISM Manufacturing PMI dropping to 49.2 from 50.3 in March.
Read more »
25th Edition Manufacturing IT Summit: Shaping the Future of Manufacturing Technology25th Edition Manufacturing IT Summit: Shaping the Future of Manufacturing Technology
Read more »
Australia's Judo Bank Manufacturing PMI remains steady at 49.6 in May, Services PMI drops to 53.1The preliminary reading of Australia's Judo Bank Manufacturing Purchasing Managers Index (PMI) remained steady at 49.6 in May from 49.6 in April, the latest data published by Judo Bank and S&P Global showed on Thursday.
Read more »