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:
- China vice fin min says further stimulus details after National People’s Congress session
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This article was written by Eamonn Sheridan at www.forexlive.com.
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