Note that New Zealand switches to daylight saving time over the weekend as summer approaches. Speaking of New Zealand, the ANZ New Zealand Business Survey for September 2024 is due out today. August data improved compared to July but remained poor:
But the focus will be on data from China. Official PMIs (from China’s National Bureau of Statistics (NBS)) come first, followed by the private manufacturing PMI (Caixin). Given the surge in stimulus announcements last week, the bad results of these will be somewhat ignored.
Note that more stimulus was announced in China over the weekend (I’ll talk about this separately) – the People’s Bank of China (PBOC) told commercial banks to start cutting interest rates on all existing home loans.
- This snapshot is from the ForexLive economic data calendar, Access it here.
- The times in the leftmost column are GMT.
- The numbers in the rightmost column are the “previous” result (previous month/quarter as the case may be). The number in the column next to that, where there is a number, is the expected average consensus.
- I have transcribed the data for New Zealand and Australia in text because the similarity of the small flags can sometimes be confusing.