China's NBS Manufacturing PMI eases to 50.0 in May, Non-Manufacturing PMI rises to 50.1

China’s official Manufacturing Purchasing Managers' Index (PMI) eased to 50.0 in May, compared to 50.3 in the previous reading. The reading came in line with the market consensus of 50.0 in the reported month. The NBS Non-Manufacturing PMI improved to 50.1 in May versus April’s 49.4 figure. The market forecast was for a 49.5 print.

China's NBS Manufacturing PMI eases to 50.0 in May, Non-Manufacturing PMI rises to 50.1. China’s official Manufacturing Purchasing Managers' Index (PMI) eased to 50.0 in May, compared to 50.3 in the previous reading. The reading came in line with the market consensus of 50.0 in the reported month. The NBS Non-Manufacturing PMI improved to 50.1 in May versus April’s 49.4 figure. The market forecast was for a 49.5 print. At the time of writing, the AUD/USD pair is trading around 0.7180, down 0.07% on the day. One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well...