China Caixin / Markit Services PMI for June: 54.5 (expected 47.3)

China Caixin / Markit Services PMI for June surges to 54.5 * expected 47.3 * prior 41.4 Composite 55.3 * prior 42.2 These are the final PMIs from China for June. Earlier: * China June PMIs solid, but "Soft market demand is still the main problem ... " (NBS) * China June Manufacturing PMI 50.2 (expected 50.5) Non-manufacturing 54.7 (expected 52.5) * China Manufacturing PMI for June: 51.7 (expected 50.1). Private survey Caixin / Markit PMI -- Comparing the two surveys (official vs. Markit): * The Official PMI survey typically polls a large proportion of big businesses and state-owned enterprises. * Caixin indicator features a bigger mix of small- and medium-sized firms jpy This article was written by Eamonn Sheridan at www.forexlive.com.
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