External broker reports(aggregated public sources), ABN AMRO

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External broker reports(aggregated public sources)

Macroeconomics

<ul><li>China’s purchasing managers indices (PMIs) for June published this morning and during the previous days still give a mixed picture about the strength of the economy.</li><li>This mixed picture starts with the ongoing divergence between the two manufacturing PMIs for China.</li><li>Following a short-lived improvement seen just after the Chinese Lunar New Year period, the official manufacturing PMI published by NBS had fallen back below the neutral 50 mark separating expansion from contraction in May, to 49.5, and stayed at this level in June (in line with consensus expectations). </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

China’s purchasing managers indices (PMIs) for June published this morning and during the previous days still give a mixed picture about the strength of the economy.This mixed picture starts with the ongoing divergence between the two manufacturing PMIs for China.Following a short-lived improvement seen just after the Chinese Lunar New Year period, the official manufacturing PMI published by NBS had fallen back below the neutral 50 mark separating expansion from contraction in May, to 49.5, and stayed at this level in June (in line with consensus expectations). Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

China - June PMIs confirm ongoing supply-demand imbalances