Economic calendar in Asia 30 September 2024 – China PMIs for September

Note, New Zealand switched to daylight saving time over the weekend as summer approaches. Speaking of New Zealand, there is the ANZ New Zealand Business Survey for September 2024 due today. The August data improved from July but was still awful:

• New Zealand business confidence in August -47.8% vs. prior -56.7%

But, the focus will be the data from China. Official (from China’s National Bureau of Statistics (NBS)) PMIs first, followed by the private (Caixin) manufacturing PMI. Given the surge of stimulus announcement made last week poor result on these will be shrugged off to some extent.

Note, some more stimulus was announced in China over the weekend (I’ll have more to come on this separately) – The People’s Bank of China (PBOC) told commercial banks to start lowering interest rates on all existing housing loans.

• This snapshot from the ForexLive economic data calendar, access it here.
• The times in the left-most column are GMT.
• The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.
• I’ve noted data for New Zealand and Australia with text as the similarity of the little flags can sometimes be confusing.

This article was written by Eamonn Sheridan at www.forexlive.com.