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Chinese economy remains in the expansion camp – Danske Bank

FXStreet (Edinburgh) - Flemming Nielsen, Senior Analyst at Danske Bank, reviews the recent Chinese PMI release.

Key Quotes

“In China the official manufacturing PMI was unchanged at 51.1 in September and hence a notch better than expected”.

“The final estimate for the HSBC manufacturing PMI in September was also unchanged at 50.1 compared to August”.

“Overall the manufacturing PMIs suggest that the slowdown in China is less severe than indicated by the weak hard data for August. China started its week-long Golden Week public holiday today”.

Germany Markit Manufacturing PMI registered at 49.9, below expectations (50.3) in September

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Germany: PMI Manufacturing falls into contraction in September

German PMI Manufacturing decreased to 49.9 in September, from 51.4 points in August, according to data released today by Markit. The result is below market consensus of 50.3.
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