The typical/expected market impact of this event is low.
The consensus forecast for M2 Money Supply (YoY) is 8.4%. A higher value than forecast tends to be bullish for CNY/xxx pairs and bearish for xxx/CNY pairs.
Higher numbers than forecast tend to be bullish for CNY/xxx pairs and bearish for xxx/CNY pairs.
The most recent announced value for M2 Money Supply (YoY) was 8.5% against a forecast of 8%.
Recent economic data has been broadly neutral for CNY. Other recent announcements which may affect the market's interpretation of the next M2 Money Supply (YoY) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Consumer Price Index (MoM) | (no change) | 0.2% | 0.2% | ||
| Consumer Price Index (YoY) | Bearish change | 0.8% | 0.2% | ||
| Producer Price Index (YoY) | Bullish change | -1.9% | -1.4% | ||
| RatingDog Services PMI | Bullish change | 52 | 52.3 | ||
| RatingDog Manufacturing PMI | Bullish change | 50.1 | 50.3 | ||
| NBS Manufacturing PMI | Bearish change | 50.1 | 49.3 | ||
| NBS Non-Manufacturing PMI | Bearish change | 50.2 | 49.4 |
| Country: | China |
|---|---|
| Currency: | CNY |
| Source: | The People Bank's of China |
| Category: | Inflation |
| Frequency: | Monthly |