Both the manufacturing and non-manufacturing official survey results will print at 0100 GMT (though non-manufacturing often sleaks out a few minutes early ... just a heads-up for ForexLive traders, right?)
I posted last week on early indications for the PMIs:
OK, previews ... quickies via:
Nomura:
- We expect the official manufacturing PMI to edge down to 51.5 in January from 51.6 in December as support from government expenditure likely faded.
TD Securities:
- Despite healthy GDP growth in 2017, we suspect that a crackdown on air pollution and slump in the property market will hit industrial output in early 2018.
- With these factors possibly hampering manufacturing activity, we expect the manufacturing PMI to soften a notch.
Westpac:
- Both the manufacturing and services surveys continue to show robust momentum, aided by external and domestic demand.
- Employment remains an area to watch, given China's growing reliance on the consumer.
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