Official survey China PMIs are due on Thursday May 31 at 0100GMT
For the manufacturing PMI:
- expected 51.4
- prior 51.4
For the non- manufacturing PMI:
- expected 54.8
- prior 54.8
Previews:
via Nomura:
- We expect China's official PMI to remain unchanged at 51.4 in May from April.
- High-frequency data (such as coal consumption by six major power plants) suggest solid production during the month, but other factors such as weakening domestic demand could be a drag.
via NAB:
- Last month's PMIs appear to indicate that the PMIs remained at relatively high level, after a couple of volatile months (likely related to Lunar New Year).
- Market participants will be tuning in to see if these levels are broadly maintained, as expected.
via Westpac:
- Conditions across manufacturing and services remain robust
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The private survey PMIs will follow
- on June 1 at 0145GMT - Caixin Manufacturing PMI
- on June 5 at 0145GMT for the Caixin non manufacturing and composite PMIs
