China's Caixin Manufacturing PMI eases to 50.5 in June vs. 50.2 expected
|China's Caixin Manufacturing Purchasing Managers' Index (PMI) came in at 50.5 in June, compared with May’s 50.9 readout, according to the latest data published on Monday. The market expectation was for a 50.2 expansion.
Key highlights (via Caixin)
Output expands marginally as demand growth remains mild.
Input prices fall at quickest rate since January 2016.
Business confidence slips to eight-month low.
On Friday, China's official Manufacturing PMI arrived at 49.0 in June as against the 48.8 contraction seen in May.
AUD/USD reaction
The upbeat print of the Chinese Manufacturing PMI failed to lift the Aussie Dollar, with AUD/USD testing the 0.6650 mark. The spot is trading at 0.6658, at the time of writing, down 0.12% on the day.
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