Economic calendar in Asia Wednesday, 1 November 2023 – another China PMI due

<p>The Q3 New Zealand jobs report kicks off the data agenda, with RBNZ Governor Orr speaking soon after. I have Orr speaking on Friday also. </p><p>And then the second manufacturing PMI from China for October. The first is here, and what a disappointment it was:</p><ul><li><a href="https://www.forexlive.com/news/china-oct-pmis-manufacturing-495-expected-502-non-manufacturing-506-expected-518-20231031/" target="_blank" rel="follow" data-article-link="true">China Oct PMIs: Manufacturing 49.5 (expected 50.2) Non-manufacturing 50.6 (expected 51.8)</a></li></ul><p>China has two primary Purchasing Managers' Index (PMI) surveys – the official PMI released by the National Bureau of Statistics (NBS) and the Caixin China PMI published by the media company Caixin and research firm Markit / S&amp;P Global.</p><ul><li>The official PMI survey covers large and state-owned companies, while the Caixin PMI survey covers small and medium-sized enterprises. As a result, the Caixin PMI is considered to be a more reliable indicator of the performance of China's private sector.</li><li>Another difference between the two surveys is their methodology. The Caixin PMI survey uses a broader sample of companies than the official survey.</li><li>Despite these differences, the two surveys often provide similar readings on China's manufacturing sector.</li></ul><ul><li>This snapshot from the ForexLive economic data calendar, <a href="https://www.forexlive.com/EconomicCalendar" target="_blank" title="Click here!">access it here</a>.</li><li>The times in the left-most column are GMT.</li><li>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.</li></ul>

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