Economic calendar in Asia 31 August 2023 - China August PMIs (any green shoots?)

PMIs from China's National Bureau of Statistics (NBS) are the data focus today. China's official Manufacturing PMI is expected to have contracted for the fifth month in a row. The Non-Manufacturing PMI is expected to have slipped a little from July.

Its not all bad news from China's economy though, there are green shoots:

• Oil - China weekly flights are 13% above pre-COVID levels
• In H1 of 2023 Chinese auto exports were up 75.7% y/y

• China’s economy isn’t as bad as the mood suggests, growth moving in the right direction

• This snapshot from the ForexLive economic data calendar, access it here.
• The times in the left-most column are GMT.
• The numbers in the right-most column are the 'prior' (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.

• I’ve noted data for New Zealand and Australia with text as the similarity of the little flags can sometimes be confusing.