Economic calendar in Asia 03 July 2024 – China services PMI (Caixin)

Over the weekend we had the official National Bureau of Statistics (NBS) China PMIs for June

• China’s offiical PMIs for June were mixed, disappointing on the whole

followed on Monday by the Caixin / S&P Global Manufacturing PMI:

• China Caixin Manufacturing PMI for June 2024 51.8 (expected 51.2, prior 51.7)

Today we get the Caixin / S&P Global Services PMI, which is expected to have declined a little from May but to have remained firmly in expansion. A result inline with expectations should, at the margin, be supportive for the China and China-proxy trade (eg. AUD).

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.

This article was written by Eamonn Sheridan at www.forexlive.com.