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China PMI lower than expectations

Posted by Akhilesh Ganti on Mar 31, 2013 9:04:00 PM

China manufacturing PMI came in at a 4-month high of 50.9 which, while it still is above 50 and is indicative of an economy that is expanding, was lower than market expectations of 51.2. The Aussie, which is quite sensitive to what happens in China, dropped a bit as it breached the 1.04 level.

{chart:Bloomberg} (click to enlarge)

China PMI mar2013

 

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