China PMI

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China PMI fails to inspire

LONDON | By Christian Keller at Barclays | China’s official manufacturing PMI was flat at 51.1in September, slightly below Barclays’ forecast (51.3), but marginally above consensus of 51.0. The data reaffirmed the trend of improving external demand, but soft domestic demand. The China PMI data had a limited market impact, with local markets closed for National Day while AUD fell following the weak sales outcome.