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Here Comes Official China PMI...

Mamta Badkar   

Here Comes Official China PMI...

china manufacturing, factory

REUTERS/William Hong

Official China PMI for June is out at 9 p.m. ET.

Economists polled by Bloomberg are looking for manufacturing PMI to rise to 51, from 50.8 the previous month.

A reading below 50 indicates contraction.

Beijing announced a mini-stimulus following weak economic data at the start of the year and the People's Bank of China announced targeted reserve requirement ratio (RRR) cuts.

This is expected to have improved business sentiment.

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