Official PMI data for May is due from China t the bottom of the hour - expected to be ugly

Official China PMIs come from the China Federation of Logistics & Purchasing (CFLP) and China Logistics Information Centre (CLIC), based on data collected by the National Bureau of Statistics (NBS).

For May of 2022:

Manufacturing is expected at 48.0, the prior was 47.4
Services

• expected 45.2, prior 41.9

Composite

• prior 42.7

Last week I posted this on what to expect:

• an aggregate index of 8 economic indicators show China's economy "remained deep in a slump in May".

Coming up in the months ahead we should get improvement (see bullets below), but yeah, for today ... ugly.

• China coronavirus - lockdown restrictions slowly being eased back in Beijing, Shanghai

• Over the weekend Shanghai revealed a 50 item plan to help revive the city's economy
• Shanghai to resume basic operations for bus, rail transport from 1 June