China PMIs narrowly top expectations

<ul><li>Manufacturing PMI 50.2 vs 50.0 (prior 49.7)</li><li>Non-manufacturing PMI 51.7 vs 51.5 expected (prior 51.0)</li></ul><p>The official manufacturing PMI is the important one and it rose above 50 for the first time since March 2023. That line signals expansion/contraction, so while it's a small beat on expectations, it's an important one.</p><p>Notably, China is on holiday all next week.</p>

This article was written by Adam Button at www.forexlive.com.