MNI China Daily Summary: Monday, May 13

MNI BRIEF: Beijing Reveals 2024 Bond Issuance Plan

MNI BRIEF: BOJ Cuts Scale Of 5-10 Year JGB Buying By JPY50 Bln

RPT-MNI POLICY:BCB Dissenters Feared Reaction Function Misstep

MNI: PBOC Conducts CNY2 Bln Via OMO Mon; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1030 Mon; -4.18% Y/Y

Canada March Building Permits Fall, Q1 Permits Below Average

MNI: CANADIAN MAR BUILDING PERMITS -11.7% MOM

Key data and MPC speakers this week (3/3)

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: China's June Manufacturing Contracts Steady At 49

MNI (Singapore)
MNI (Beijing)

China's Purchasing Managers' Index contracted for the third straight month, registering 49 in June, rebounding slightly from 48.8 in May though still below the breakeven 50 mark, data from the National Bureau of Statistics showed Friday.

The production sub-index marked 50.3 in June, higher than May's 49.6 reading and rising back to the expansion zone as factory activities accelerated, the NBS said. The new orders sub-index – a gauge of demand – printed at 48.6, an improvement from last month's 48.3.

Non-manufacturing PMI registered 53.2, a further fall from last month's 54.5. Business activity indices in the service and construction sectors declined by 1 and 2.5pp, the NBS added.

Policy NewsCentral Bank NewsPBOCAPACChinaBriefStoryRegion
True
Policy NewsCentral Bank NewsPBOCAPACChinaBriefStoryRegion
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.