China official manufacturing PMI is released tomorrow

US Q2 GDP … FOMC meeting … yeah, yeah.

NFP on Friday.

Whatever. (Do the kids still say that?)

The really big news this week is tomorrow – China’s official manufacturing PMI release for July!

:-D

Reuters have a good preview here, saying their poll of economists have the consensus forecast dipping into contraction at 49.9 (June’s reading was 50.1 – woot! … do they still say that?)

The HSBC flash reading came in at a very poor 47.7, an eleven-month low

China’s official July manufacturing is due for release at 0145GMT on the 1st of August

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