Earlier in the week we had official PMIs from China
China factory PMI beats forecast at 50.3 as AI-linked exports drive expansionChina’s domestic demand engine sputtering despite stronger headline PMI
And also the private manufacturing PMI:
RatingDog PMI caps China’s strongest quarter for manufacturing since 2020
Today it’s the private services PMI. The ‘expected” I have seen for this is 53.0, down slightly from May but still solidly in expansion.
I’ve noted data for New Zealand and Australia above with text as the similarity of the little flags can sometimes be confusing.
This article was written by Eamonn Sheridan at investinglive.com.