Over the weekend we got the official China PMIs for October
Results here
Today It's the Caixin Manufacturing PMI (October), due at 0145GMT
- Expected is 47.6
- Prior was 47.2
The private survey has consistently been showing worse results than the official. The private survey is a different survey, different (and generally smaller) firms and businesses take part. So there is that.
The PMI can be an AUD market mover. Sentiment on China has improved (only a little) in the past weeks with the rate cuts and generally less worse data, so I expect this data point will be impactful today. A disappointment will be a negative for the AUD, and vice versa.
