As previously noted, it's a market holiday in New Zealand today. The focus for the data agenda is the second of China's manufacturing PMIs for May. Today is the privately-surveyed Caixin PMI. On Friday we had the official May PMIS:China May 2024 Official Manufacturing PMI 49.5 (expected 50.5)Manufacturing slipped back into contraction, and to its lowest for 3 months. --China has two primary Purchasing Managers' Index (PMI) surveys - the official PMI released by the National Bureau of Statistics (NBS) and the Caixin China PMI published by the media company Caixin and research firm Markit / S&P Global.The official PMI survey covers large and state-owned companies, while the Caixin PMI survey c
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