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Caixin China's November PMI reading expectations – BBH

FXStreet (Delhi) – Research Team at BBH, suggests that expectations are for little change from the previous month for the China’s PMI figures.

Key Quotes

“The manufacturing economy likely slowed while the service sector continues to expand. The economy is transitioning away from manufacturing so the traditional go-to metrics, like railroad car loadings, electrical consumption, and bank loans, were picked by Premier Li at an earlier stage of development. Market impact is likely to be minimal.”

“The China stock and bond markets are trading on another dynamic than the macroeconomic condition. The equity market posted a dramatic loss before the weekend, but the global knock-on effect seemed minimal and the US S&P 500 eked out a small gain. Often negative economic surprises from China weigh on commodity producers including the Australian dollar.”

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