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China: Caixin Manufacturing PMI Improves in September

Adel 30 September, 2021 11:13 am Market Update

China’s Caixin Manufacturing PMI for September came in at 50.0 vs. 49.5 expected and 49.2 for August, indicating that the country’s manufacturing sector is heading towards expansion territory.

Earlier, China’s official manufacturing PMI contracted to 49.6 in September from 50.1 in August and 50.1 expected, the National Bureau of Statistics (NBS) reported.

The AUD/USD is holding its bounce after the upbeat Chinese Caixin PMI data, as it trades around 0.7200.

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