Chinese PMIs surprised to the upside – Danske Bank

FXStreet (Edinburgh) - Analysts at Danske Bank reviewed the today’s releases from the Chinese manufacturing sector.

Key Quotes

“Chinese March PMI figures released this morning surprised markets on the upside”.

“At 50.1 the official National Bureau of Statistics’ (NBS) manufacturing PMI rebounded from the February release suggesting that stimulus efforts have supported an expansion in Chinese manufacturing amid new export orders falling to the lowest level in more than a year”.

“While the NBS non-manufacturing PMI declined a little to 53.7 (from 53.9), the final print of the private HSBC PMI was also revised higher to 49.6”.