China Caixin Manufacturing PMI at 54.9 beats 53.5 exp and 53.6 prior, 10-year highs

Expected to print close to October’s 53.5, around a 3-year highs, the Markit Manufacturing PMIs have been released for China, sponsored by news service Caixin, as follows:

• 54.9 beats 53.5 exp and 53.6 prior, 10-year highs

AUD/USD is slightly bid but hardly changed so far at 0.7354.

More to come...

Description

The Caixin China Manufacturing PMI™, 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.