MNI BRIEF: Inflation Risks Now Shifted To Downside-BOE Ramsden

MNI: Goolsbee Says Stalled Inflation Means Wait Before Moving

MNI China Daily Summary: Friday, April 19

MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

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

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: BAKER HUGHES US RIG COUNT 619; OIL RIGS 511; GAS RIGS 106

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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

September PMIs On Tap Tomorrow

CHINA DATA

A reminder that the China September PMIs print tomorrow. The consensus looks for a further recovery in the manufacturing PMI to 49.7 from 49.4 in August. The range of estimates is 49.0 to 50.5. For services, the market expects an easing in conditions to 52.4 from 52.6. Not surprisingly, the range of estimates is wider for this print: 49.5 to 53.0. The Caixin manufacturing PMI is expected to be unchanged at 49.5.

  • August real activity data surprised on the upside, particularly in terms of retail sales, so the services PMI could come under great focus tomorrow.
  • For the services sector, recall that the large city of Chengdu was locked down for a good proportion of September, so this may have weighed on services activity in the month.
  • The Standard Chartered SME survey has also already printed for September, and it eased back to 50.90 in terms of the headline index. This is the second monthly decline for the index, although we remain above May lows of 48.50.
Energy BulletsCommodities
Energy BulletsCommodities

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.