China's September Caixin Manufacturing PMI contracts to 49.3, Services PMI drops to 50.3

FXStreetSep 30, 2024 1:46 AM

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China's Caixin Manufacturing Purchasing Managers' Index (PMI) contracted to 49.3 in September after reporting 50.4 in August, the latest data showed on Monday.

Meanwhile, the Chinese Caixin Services PMI dropped sharply to 50.3 in September from August’s 51.6.

AUD/USD reaction to China’s Caixin PMI data

At the time of writing, the AUD/USD pair is paring back gains to trade near 0.6920, still up 0.27% on the day.

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