China’s official Manufacturing Purchasing Managers' Index (PMI) remained steady at 49.5% in June, compared to 49.5.
China ’s official Manufacturing Purchasing Managers' Index remained steady at 49.5% in June, compared to 49.5. The reading missed the market consensus of 51.0 in the reported month, by a wide margin. The NBS Non-Manufacturing PMI dropped to 50.5 in June versus April’s 51.2 figure and the estimates of 51.5. Market reaction At the time of writing,the AUD/USD pair is trading around 0.6680, up 0.14% on the day.
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 . When the Chinese economy is doing well it purchases more raw materials, goods and services from Australia, lifting demand for the AUD, and pushing up its value. The opposite is the case when the Chinese economy is not growing as fast as expected.
United States Latest News, United States 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 drops to 43.4 in June vs. 46.4 expectedThe German manufacturing sector contraction unexpectedly deepened in June while the services sector also lost its expansionary momentum, the preliminary business activity report published by the HCOB survey showed Friday.
Read more »
Eurozone Preliminary Manufacturing PMI declines to 45.6 in June vs. 47.9 expectedThe Eurozone manufacturing sector downturn gathered momentum again while the services sector activity deteriorated in June, according to the data from the HCOB's latest purchasing managers index survey published on Friday.
Read more »
China manufacturing activity grows more than expected in May- Caixin PMIChina manufacturing activity grows more than expected in May- Caixin PMI
Read more »
China's Caixin Manufacturing PMI rises to 51.7 in May vs. 51.5 expectedChina's Caixin S&P Global Manufacturing Purchasing Managers' Index (PMI) rose from 51.4 in April to 51.7 in May, according to the latest data released on Monday.
Read more »
China non-manufacturing expansion slows in JuneChina non-manufacturing expansion slows in June
Read more »
US ISM Manufacturing PMI drops to 48.7 in May vs. 49.6 expectedThe business activity in the US manufacturing sector contracted at an accelerating pace in May, with the ISM Manufacturing PMI dropping to 48.7 from 49.2 in April.
Read more »