Goldman Sachs China PMI preview – leading indicator suggests manufacturing stabilising | Forexlive

Goldman Sachs’s China economist cites China’s emerging industries purchasing managers index (EPMI):

recorded an uptick in May
EPMI is widely seen as a leading indicator of China’s official manufacturing PMI
suggests that “a tentative sign that manufacturing activity may begin to stabilize”

GS look for the manufacturing PMI to be at a still contractionary 49.8. from 49.22 in April.

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Earlier preview:

Due at at 0130 GMT, which is 9.30pm on Tuesday, 30 May 2023 US Eastern time: