Chinese manufacturing data could disappoint this week amid weakness in the economy and that may just be the beginning, analysts told CNBC. A rebound in export orders in recent months boosted China’s manufacturing sector amid a weaker yuan and signs of a recovery in the U.S., one of China’s major trading partners.
But some analysts told CNBC they are worried that the underlying risks to China’s economy would spill over to the country’s manufacturing sector, derailing the recent positive trend.
“I’m going to take the under,” said Joe Magyer, senior analyst at The Motley Fool, referring to expectations for official purchasing managers’ index (PMI) data out on Tuesday, which he expects to start to reflect weakness in China’s economy. The final reading for HSBC’s PMI data is also due Tuesday.
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.