China Jul Caixin manufacturing PMI beats expectations by 0.4

• Chinese data beats estimates by a fraction once again.
• AUD can find some support on the data ahead of next week's RBA.

China July Caixin manufacturing PMI was released at with expectations for a near steady reading of 49.5 following yesterday’s 49.7 in the official survey.

The data arrived as follows: 

49.9 vs that 49.5 - which is another positive for the Aussie ahead of next week's RBA. 

More to come...

About The Caixin China Manufacturing PMI™

The Caixin China Manufacturing PMI™, released by Markit Economics, is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 400 private manufacturing sector companies.