China official manufacturing PMI for December: 49.7 (vs. 49.8 expected)

Eamonn Sheridan | ForexLive.com

Some New Year’s Day data from China, Manufacturing PMI (December): 49.7

  • expected is 49.8, prior was 49.6

Non-manufacturing PMI: 54.4

  • prior was 53.6

The manufacturing PMI is ever so slightly weaker than expected, while the services PMI is a solid beat on the previous month’s result. These should be fairly neutral for the AUD come Monday morning’s forex market reopening for the year.

This is the official PMI data for December from the China Federation of Logistics and Purchasing, and the National Bureau of Statistics.

The (private) Caixin / Markit PMI is due on Monday, 4 January at 0145GMT:

  • expected is 48.9, prior was 48.6

And, let me take this opportunity to wish all ForexLive traders a very Happy New Year!