China NBS Manufacturing PMI arrives at 49.0 in December, Services PMI comes in at 50.4

China’s official Manufacturing Purchasing Managers' Index (PMI) came in at its third straight month of contraction at 49.0 from the previous reading of 49.4, the latest data published by the country’s National Bureau of Statistics (NBS) showed on Tuesday. Markets expected a 49.5 readout in the reported month.

The NBS Non-Manufacturing PMI arrived at 50.4 in December versus 50.2 in November, weaker than the estimation of 50.5.

Market reaction

At the time of writing, the AUD/USD pair is trading around 0.6818,   up 0.01% on the day.