China: Expect a small decline in NBS PMI from 51.6 to 51.3 – Danske Bank

Research Team at Danske Bank points out that in China, official NBS PMI data are due to be released early CET on Friday morning and they are looking for a small decline from 51.6 to 51.3.

Key Quotes

“After a sharp increase in 2016, we believe China is set for a moderate slowdown in 2017, as we expect the housing market to cool and believe the significant infrastructure boost is set to fade. China has moved its foot from the gas to the brake and aims to rein in the brewing housing bubble and lean against inflationary pressure.”