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31 Aug 2015
Chinese data under the spot ight - BBH
FXStreet (Guatemala) - Analysts at Brown Brothers Harriman noted that China reports official August PMI Tuesday.
Key Quotes:
"Manufacturing component is expected at 49.7 vs. 50.0 in July. Final Caixin August PMI will also be reported Tuesday, and the manufacturing component is expected to remain steady at the 47.1 flash reading. Both measures have not been below 50 simultaneously since January, and that was only for that one month. We expect further weakness in the economy and also further stimulus measures ahead."
Key Quotes:
"Manufacturing component is expected at 49.7 vs. 50.0 in July. Final Caixin August PMI will also be reported Tuesday, and the manufacturing component is expected to remain steady at the 47.1 flash reading. Both measures have not been below 50 simultaneously since January, and that was only for that one month. We expect further weakness in the economy and also further stimulus measures ahead."