China official PMIs for April, published by the National Bureau of Statistics and China Federation of Logistics and Purchasing.
Manufacturing well under the median central estimate at 51.1
Non-manufacturing missing also, comes in at 54.9
Both the manufacturing and non-manufacturing were expected to dip back from March levels but the drops are much more than expected. Both are still in expansion but the results do indicate just a little heat coming out of the Chinese economy.
China proxy trades (eg. the AUD) are off just a little on the release.
NBS notes that firms in China are suffering from the chip shortage and ‘impeded international logistics’.
Still ahead, due at 0145 GMT from China: