China official PMI data: October Manufacturing 50.1 (expected 50.0)

China National Bureau of Statistics (NBS) data, October 2024 PMIsManufacturing 50.1, first time in expansion for six monthsexpected 50.0, prior 49.8Non manufacturing 50.2expected 50.4, prior 50.0Composite is 50.8prior 50.4Stimulus announcements from China hit from late September and continued right through October. Stimulus announcement should continue once the People's Congress rubber stamps a few more:China vice fin min says further stimulus details after National People’s Congress session-*//*- This article was written by Eamonn Sheridan at www.forexlive.com.

Oct 31, 2024 - 08:30
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China official PMI data: October Manufacturing 50.1 (expected 50.0)

China National Bureau of Statistics (NBS) data, October 2024 PMIs

Manufacturing 50.1, first time in expansion for six months

  • expected 50.0, prior 49.8

Non manufacturing 50.2

  • expected 50.4, prior 50.0

Composite is 50.8

  • prior 50.4

Stimulus announcements from China hit from late September and continued right through October. Stimulus announcement should continue once the People's Congress rubber stamps a few more:

-*//*- This article was written by Eamonn Sheridan at www.forexlive.com.

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