The latest snapshot of manufacturing activity in China could be a key focus for Asian markets this week as talk of slowdown in the region’s biggest economy grows.
The official Chinese Purchasing Managers’ Index (PMI) for April is released on Wednesday and follows last week’s HSBC flash PMI, which fell to a two-month low of 50.5 in April from 51.6 in March and nearing the 50-barrier that divides expansion in the sector from contraction.
“In China, the official manufacturing conditions PMI and the final HSBC PMI are expected to confirm the slight loss of momentum in April already seen in the flash HSBC PMI,” Shane Oliver, head of investment strategy at AMP Capital in Sydney, said in a research note.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.