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1 Nov 2013
Flash: Focus in China’s Oct manufacturing PMI - Westpac
FXstreet.com (Barcelona) - The main focus in Asia will be China’s official manufacturing PMI for Oct, due to be released at 1GMT.
Key Quotes
"This is a much broader survey of manufacturing firms, sampling 3000 versus around 420 for the HSBC/Markit version which used to be mostly ignored until they started releasing the ‘flash’ estimate."
"Consensus is for little change, 51.2 vs Sep’s 51.1, with a range from 50.5 to 51.6. The final Oct reading from HSBC is due 45 minutes later, with the ‘flash’ estimate 50.9."
Key Quotes
"This is a much broader survey of manufacturing firms, sampling 3000 versus around 420 for the HSBC/Markit version which used to be mostly ignored until they started releasing the ‘flash’ estimate."
"Consensus is for little change, 51.2 vs Sep’s 51.1, with a range from 50.5 to 51.6. The final Oct reading from HSBC is due 45 minutes later, with the ‘flash’ estimate 50.9."