wrapper

China Manufacturing PMI up in June

Tuesday, Jun 23 2015
The latest Flash China Manufacturing PMI survey provided a mixed bag of data in June. Data showed increase to 49.6, slightly above expectations on incline to 49.4. On the one hand, the sector shows signs of improvement as output stabilised amid a slight pick up in total new work, while purchasing activity also rose slightly over the month. On the other hand, manufacturers continued to cut their staff numbers, with the latest reduction the sharpest in over six years. 
 
This suggests that companies have relatively muted growth expectations as demand conditions both at home and abroad remain relatively subdued. “The data add to evidence that the sector has lost growth momentum in Q2 as a whole, and suggests that the authorities may step up their efforts to stimulate growth and job creation in the second half of the year.”
 
After the data and in Asian part of the session in general Aussie fell and is currently being traded few points above 0.77 handle. Pair is likely to find support around 0.7650 and resistance above 0.7750 area. Later today, in the US session, Durable Goods Orders, Manufacturing PMI and New Home Sales figures are scheduled for a release.
More in this category: « Australian House Prices continue to grow French Manufacturing PMI at the highest level since April 2014 »

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.