China Caixin Manufacturing PMI above expectations (47.5) in September: Actual (48.3)

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Nov 2, 2015

PBOC: Biggest yuan strength at fix in over 10 years

People’s Bank of China (PBOC) set yuan reference rate at 6.3154 vs 6.3595 translating in the biggest 1-day gain in the yuan for over 10 years.

Caixin China PMI: Deterioration the weakest since June

Caixin China PMI came at 48.3 in October vs 47.5 expected and 47.2 last, with the report noting that while operating conditions have now worsened in each of the past eight months, the latest deterioration was the weakest since June.