April China manufacturing PMI comes in just a point below the consensus expectation, and a point above the prior, at 50.4
- expected 50.5, prior was 50.3
- The ‘flash’ PMI survey by HSBC/Markit Economics, released about a week ago, showed that factory sector activity ticked up in April but still contracted for a fourth straight month (to 48.3 from 48.0 prior)
- This official survey has a bigger, different sample and has more exposure to larger manufacturers
AUD/USD is down a few tics (as of writing), but barely any change
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Added a few minutes later … The Nikkei has lost a little, as have yen crosses, USD/JPY off around 8 points. (OK … yawn).
