China’s official Manufacturing Purchasing Managers' Index (PMI) fell in April, coming in at 50.4, as against the 50.8 expansion in March, according to the latest data released by the National Bureau of Statistics (NBS) on Tuesday.
China ’s official Manufacturing Purchasing Managers' Index fell in April, coming in at 50.4,as against the 50.8 expansion in March, according to the latest data released by the National Bureau of Statistics on Tuesday. The market forecast was for a 50.3 reading in the reported month. The index continued to hold above the 50 mark, which separates expansion from contraction. The NBS Non- Manufacturing PMI declined to 51.2 in April versus the expected 52.2 figure and March’s 53.0 print.
The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive. How does the health of the Chinese Economy impact the Australian Dollar? China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar .
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