wrapper

China's Manufacturing PMI at a one-year low

Thursday, Apr 23 2015
Flash China Manufacturing PMI fell to 49.2 in April from 49.6 in March, what is a one-year low. Analysts were anticipating no change this month. Production increased only marginally, while total new business declined for the second successive month. Relatively weak demand conditions were also highlighted by stronger deflationary pressures in the sector, with both input and output prices falling at faster rates. Meanwhile, job shedding across manufacturing firms was recorded for the eighteenth month in a row. On a brighter note, demand from overseas improved in April, with new export work rising for the first time in three months.
 
Earlier today, from Australia NAB Quarter Business Confidence figures were released. Business confidence fell to zero in the March quarter while business conditions slid from five to two points, according to National Australia Bank's quarterly business survey on Thursday. The discrepancy could be due to timing, NAB chief economist Alan Oster says, with the monthly survey taken more recently than the quarterly one.
 
Data did not have any major impact on the markets, with Aussie currently being traded few points above 0.7750 level. Pair is likely to find support around 0.77 handle and resistance above 0.78 area. Later today, in the US session, Unemployment Claims, Manufacturing PMI and New Home Sales figures are scheduled for a release. 
More in this category: « Existing Home Sales at the highest level since 2013 French and German PMI data shows weakness in Eurozone »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.