How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
China Caixin PMI tips suddenly back into expansion
In June, Caixin's China manufacturing PMI surpassed expectations, giving hope that the world's number two economy continues defying fears of a slowdown.
The private survey offered 50.4, thus marking a three-month peak. Well, it leapt from May's result of 49.6 that appeared to be an 11-month minimum and outclassed a Reuters survey forecast for 49.5.
Levels above 50 point to expansion, while levels below 50 traditionally stand for contraction.
The Caixin PMI usually focuses on smaller companies, while the official data deals with larger ones, in particular state-owned companies.
The soar was bolstered by stronger leaps in production as well as new orders. As for the June Caixin PMI, it didn’t happen to be all positive, especially considering that the publication telling the optimism toward the business outlook hit its lowest value this year.
However, the improved data provided confirmation of the official PMI figures, issued on Friday that showed that in June manufacturing activity stepped up more than expected.
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Latest news
What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
