This is official manufacturing PMI, we'll get the private survey (Caixin / Markit) during the week
Comes in at 51.2
- expected 51.7
- prior 51.8
The previous result (March) improved, higher prices & property-boom related demand helpimg it along. A slip this month though, and a miss on expectations.
The non-manufacturing PMI for April has also slipped from March (separate post).
As an input to the AUD these will be a negative.
Earlier this week Bloomberg had a piece up on some of the other private-sector economic indicators:
- Standard Chartered Plc's Small and Medium Enterprise Confidence Index
- The China Economic Panel, a joint project of The Centre for European Economic Research (ZEW) in Mannheim, Germany, and Fudan University in Shanghai
- China Satellite Manufacturing Index
- Sales manager sentiment
- S&P Global Platts China Steel Sentiment Index
Like the two PMIs from China today, these showed a small loss of momentum for the economy.