June 30, 2022 - 12:46 PM 256 views
The official purchasing managers' index (PMI) for China's manufacturing sector expanded to 50.2 in June from 49.6 in May, the latest data published by the National Bureau of Statistics (NBS) showed on Thursday. Actual data fell short of the consensus prediction of 50.5.
In the meantime, the nation's Non-Manufacturing PMI solidly recovered to 54.7 in June, up from 52.5 anticipated and 47.8 booked in May.
A reading that is higher than 50 denotes expansion, whereas one that is lower denotes contraction.
The Market Reaction
The Aussie currency received a fresh bid as a result of mixed NBS PMI data, with AUD/USD rising 10 pips to close to 0.6875. At the time of writing, the pair is down 0.15 percent for the day.
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