China’s May official manufacturing PMI to remain unchanged at 51.4 - Nomura
|Analysts at Nomura offer a brief preview on China’s official manufacturing PMI report due to be published this Thursday at 0100 GMT.
Key Quotes:
“We expect China's official PMI to remain unchanged at 51.4 in May from April.
High-frequency data (such as coal consumption by six major power plants) suggest solid production during the month, but other factors such as weakening domestic demand could be a drag.”
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