Slight volatility on the USD/CNY this morning from 6.1185 to 6.1319.
Flash China Manufacturing PMI™ at 50.4 in October (50.2 in September). Three-month high.
Flash China Manufacturing Output Index at 50.7 in October (51.3 in September). Five-month low.
The HSBC Flash China Manufacturing Purchasing Managers’ Index™ (PMI™) is published on a monthly basis ahead of final PMI data, making the HSBC PMI the earliest available indicator of manufacturing sector operating conditions in China. The estimate is typically based on approximately 85%–90% of total PMI survey responses each month and is designed to provide an accurate indication of the final PMI data.
China PMI: Data collected 13–21 October 2014 from a survey of about 430 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.
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