China September PMIs – all 4 in expansion now

<p>China is on holiday all of this week but managed to publish the September PMIs over the weekend.</p><p>The official PMIs from the National Bureau of Statistics (NBS), for manufacturing and non-manufacturing:</p><ul><li>both improved from August, </li><li>both beat expectations, </li><li>both are now in expansion</li><li>manufacturing returned to expansion for the first time in six months</li></ul><p>For the privately surveyed Caixin PMIs:</p><ul><li>both dipped from August</li><li>both missed expectations</li><li>both remained in expansion</li></ul><p>So, a bit of a mixed bag, but on balance the move for the official PMIs into expansion should be greeted with positivity by markets. I posted the early rates showing:</p><ul><li><a href="https://www.forexlive.com/news/monday-morning-open-levels-indicative-forex-prices-02-october-2023-20231001/" target="_blank" rel="follow" data-article-link="true">Monday morning open levels – indicative forex prices – 02 October 2023</a></li></ul><p>These have shown little change so far. </p>

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