Previews for the official survey PMIs and also the Caixin/Markit private PMI for manufacturing
Official Manufacturing PMI, due on Sep 30 at 0100 GMT
- expected 51.2, prior 51.3
- Non-manuf. PMI expected 54.0, prior 54.2
And for Caixin / Markit, will follow at 0145GMT on Sep 30
- Manufacturing PMI expected 50.5, prior 50.6
- Barclays say they expect the China manufacturing PMI to remain weak at 50.6
Via Nomura:
- We believe overall growth momentum lost more steam this month as suggested by high-frequency data. Coal consumption growth by six major power plants has slowed so far this September by more than the historical average over 2013-17.
- We expect the official PMI to tick 0.1 point lower, to 51.2 in September, and the Caixin PMI by 0.2 points to 50.4 as it includes more small enterprises, which are under stress, in its sample.
