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1 Apr 2015
China: PMI could return above 50.00 today - RBS
FXStreet (Bali) - Gao Qi, Trading Strategist, EM Asia, at RBS, thinks China’s official manufacturing PMI could return above the 50 mark today.
Key Quotes
"The National Bureau of Statistics (NBS) will release China’s official manufacturing PMI for March at 09:00am HKT today.
The official print could be slightly higher than market consensus of 49.7 as it focuses more on larger state-owned companies that may benefit more from measures for economic stabilization."
"Within a couple of months, we think China’s official manufacturing PMI could return above the 50 mark separating growth from contraction on a monthly basis on the back of accelerating government spending and monetary easing measures, after edging up to 49.9 in February from 49.8 the previous month."
Key Quotes
"The National Bureau of Statistics (NBS) will release China’s official manufacturing PMI for March at 09:00am HKT today.
The official print could be slightly higher than market consensus of 49.7 as it focuses more on larger state-owned companies that may benefit more from measures for economic stabilization."
"Within a couple of months, we think China’s official manufacturing PMI could return above the 50 mark separating growth from contraction on a monthly basis on the back of accelerating government spending and monetary easing measures, after edging up to 49.9 in February from 49.8 the previous month."