• China's NBS Manufacturing PMI expands to 50.3 in December vs. 50.1 expected

Market news

31 tháng 12 2021

China's NBS Manufacturing PMI expands to 50.3 in December vs. 50.1 expected

The purchasing managers' index (PMI) for China's manufacturing sector expanded more than expected to 50.3 in December from 50.1 booked in November, the latest data published by the National Bureau of Statistics (NBS) showed Friday.

The actual data beat the consensus estimate of 50.1 by a small margin. 

Meanwhile, the Non-Manufacturing PMI rose to 52.7 in the reported month from November’s reading of 52.3 and against the expectations of 53.1.

A reading above 50 indicates expansion, while a reading below suggests contraction.

Implications for AUD/USD

Mixed Chinese NBS PMIs served have limited impact on the aussie dollar, as AUD/USD keeps its range around 0.7250 amid thin year-end liquidity conditions.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.