Early China PMI data hitting: Non-Manufacturing at 54.0 (expected 54.9)

I just posted the early leak of the 'composite' here

• Early leak of China PMI data? Composite reported at 53.6 (prior 54.4)

Now the services PMI coming out (again Bloomberg with the early info)

For July, 54.0

• expected 54.9
• prior 55.0

This is an ugly result indeed. AUD (the world's favourite China proxy) is down a few points as this stuff slips out

There is no sign of the manufacturing number yet …. but the non-manu and composite do not augur well at all

more to come