China PMIs due this coming week – the inside word preview

Later in the week, Wednesday and Friday, are the private survey PMIs, Caixin/Markit.
Markit give a brief preview:
  • China’s PMIs will be especially closely watched given its earlier relaxation of virus-related restrictions. 
  • So far the data have shown encouraging strength, with business activity across manufacturing and services growing in May at the fastest rate since the start of 2011. 
  • The data for China may therefore help gauge the extent to which early rebounds in activity from lockdowns might fade. 
 I’ll have more on the Caixin/Markit PMIs on approach.
Official PMIs, manufacturing and non-manufacturing are due on Tuesday June 30 at 0100GMT
Manufacturing

  • expected 50.4, prior 50.6

Non-manufacturing

  • expected 53.5, prior 53.6

Composite

  • prior 53.4