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China HSBC PMI to decline by 0.2pp to 50.2 in Nov - Nomura

FXStreet (Bali) - Nomura expects the China HSBC PMI to decline by 0.2pp to 50.2 in November today.

Key Quotes

"We note the close correlation between China MNI business sentiment index improvement yesterday and various PMI indicators, including both the HSBC (the flash reading to be released shortly) and the official PMI (1 December)."

"We expect the HSBC PMI to decline by 0.2pp to 50.2 in November, slightly better than the average 0.4pp decline over October-November from 2005-13 (excluding 2008)."

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