Higher numbers than forecast tend to be bullish for CNY/xxx pairs and bearish for xxx/CNY pairs.
The most recent announced value for NBS Manufacturing PMI was 49.8 against a forecast of 49.7.
Recent economic data has been strongly bullish for CNY. Other recent announcements which may affect the market's interpretation of the next NBS Manufacturing PMI result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Consumer Price Index (MoM) | Bullish change | -0.1% | 0.4% | ||
| Consumer Price Index (YoY) | Bullish change | 0.5% | 0.8% | ||
| Producer Price Index (YoY) | Bullish change | 3.5% | 3.8% | ||
| Exports (YoY) | Bullish change | 23.9% | 25% | ||
| Exports (YoY) CNY | Bullish change | 17.8% | 18.6% | ||
| Imports (YoY) | Bullish change | 27.5% | 28.2% | ||
| Imports (YoY) CNY | Bullish change | 21.2% | 21.7% | ||
| Trade Balance CNY | Bullish change | 767.07B | 809.3B | ||
| Trade Balance USD | Bullish change | $112.5B | $119.09B | ||
| RatingDog Services PMI | Bullish change | 50.4 | 51.4 | ||
| RatingDog Manufacturing PMI | Bullish change | 50.9 | 51.5 | ||
| NBS Non-Manufacturing PMI | (no change) | 49 | 49 |
| Country: | China |
|---|---|
| Currency: | CNY |
| Source: | China Federation of Logistics and Purchasing |
| Category: | Economic Activity |
| Frequency: | Monthly |