Caixin China Manufacturing PMI: 51.8 vs 51.7 in October
Monday, 2 December 2019 09:19 WIB | ECONOMY |ekonomi China
The November Caixin China Manufacturing PMI (Markit, sponsored by Caixin) has been released which follows a surprise weekend Manufacturing PMI which recorded its first expansionary print in six months. The weekend data was moving back above 50, reflecting that manufacturing activity has improved from contraction to expansion sparking a bid in risk-on fx and in the Aussie.
The Caixin China Manufacturing PMIâ„¢, released by Markit Economics, is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 400 private manufacturing sector companies.
ChinaCcaixin/IHS Markit November manufacturing PMI at 51.8 (vs 51.7 in October).
"China's factory activity unexpectedly expanded at the quickest pace in almost three years in November, with solid increases in output and new orders, a private business survey showed on Monday," Reuters reported, however, noting that "business confidence slipped and companies were reluctant to replenish their inventories, worried about the uncertain outlook for demand and the prolonged China-US trade war."
Source : FX Street
Friday, 6 December 2019 20:54 WIB
U.S. job gains roared back in November as unemployment matched a fresh half-century low and wages topped estimates, giving the Federal Reserve more reason to hold interest rates steady after three str...
Thursday, 5 December 2019 08:11 WIB
AUD's marathon of data for the week has continued today with the release of the October Retail Sales and Trade Balance.
Note: Retail Sales was the main focus in these releases.
The data arrived as f...
Wednesday, 4 December 2019 22:35 WIB
The US ISM Non-Manufacturing PMI for the month of November printed a 53.9 reading, half a point below the consensus expectation. The service sector business survey adds to the bunch of negative releas...
Wednesday, 4 December 2019 20:34 WIB
ADP's Employment Change figures for November came out at 67,000, well below expectations for an increase of 140,00. Moreover, October's figure was revised down to 121,000 from 125,000.
Some suspect t...
Wednesday, 4 December 2019 07:55 WIB
Australia™s Q3 national accounts in the Gross Domestic Product has been released.
Prior to the data, analysts at Westpac had noted that," growth over the year to Q2 was just 1.4%, the slowest pace ...