China Oct Manufacturing PMI 49.2 (expected 50.0) Services PMI 48.7 (expected 51.9)

China official PMIs for October 2022.

Manufacturing 49.2

• expected 50.0, prior 50.1

Non-manufacturing 48.7

• expected 51.9, prior 50.6

Composite is 49.0

• prior 50.9

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These are awful results.

There was a long holiday in October, which really should have given a boost to retail and travel.

But, it's the same old story with China having another wave of covid cases towards the end of October.

Add in the very sad property sector.

November looks like it won't be not off to a good start either:

• China - Macau locks down a casino resort
• "Chinese cities brace for wave of Foxconn workers from COVID-hit Zhengzhou"

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eur EUR The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value Read this Term