Official China's Manufacturing PMI slightly up in December

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Friday, Jan 01 2016

Despite markets being closed due to New Year's Day from China official PMI figures were released. Manufacturing PMI rose in December to 49.7, missing expectations on incline to 49.8, but above November's 49.6. Non-manufacturing PMI increased to 54.4 from last month's 53.6.

The Manufacturing PMI is ever so slightly weaker than expected, while the services PMI is a solid beat on the previous month's result. These should be fairly neutral for the AUD come Monday morning's forex market reopening for the year. This is the official PMI data for December from the China Federation of Logistics and Purchasing, and the National Bureau of Statistics.

Aussie finished last week 0.7280 level. Pair is likely to find support around 0.7250 handle and resistance above 0.7330 level. On Monday, also, from the USA ISM Manufacturing PMI figures are scheduled for a release.

More in this category: « Chicago PMI at the lowest level since July 2009 Number of UK house sales down, but prices up by 4.5% »

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