China: Manufacturing PMI in line with market expectations - TDS

Research Team at TDS, notes that China’s manufacturing PMI for June came in bang on 50 as the market expected.

Key Quotes

“June Non Manufacturing PMI was a touch above the prior print, but the Caixin Manufacturing PMI print at 48.6 was below the market forecast for 49.2, hitting a 4 month low. While the lower Caixin print points to weak offshore demand, the data was ignored today.”