The Caixin China Manufacturing PMI: Shrinks less sharply

The Caixin China Manufacturing PMI™, released by Markit Economics, is out as follows:

Caixin China PMI Mfg May:

• 48.1 (est 49, prev 46).

AUD/USD has been stacked up below a key level of resistance on the 4-hour chart and under pressure. 

About China Caixin China Manufacturing PMI

The Caixin China Manufacturing PMI™, released by Markit Economics, is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 400 private manufacturing sector companies.