Lower numbers than forecast tend to be bullish for xxx/CNY pairs and bearish for CNY/xxx pairs.
The typical/expected impact on CNY pairs is high.
There is no forecast value for NBS Manufacturing PMI yet - check back for updates.
The most recent announced value for NBS Manufacturing PMI was 50.1 against a forecast of 50.3.
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 | ||||
---|---|---|---|---|---|
Gross Domestic Product (QoQ) | Bullish change | 1.3% | 1.6% | ||
Gross Domestic Product (YoY) | Bullish change | 4.6% | 5.4% | ||
Industrial Production (YoY) | Bullish change | 5.4% | 6.2% | ||
Retail Sales (YoY) | Bullish change | 3% | 3.7% | ||
Exports (YoY) | Bullish change | 6.7% | 10.7% | ||
Exports (YoY) CNY | Bullish change | 1.5% | 10.9% | ||
Imports (YoY) | Bullish change | -3.9% | 1% | ||
Imports (YoY) CNY | Bullish change | 1.2% | 1.3% | ||
Trade Balance CNY | Bullish change | 692.8B | 752.91B | ||
Trade Balance USD | Bullish change | $97.44B | $104.84B | ||
Consumer Price Index (MoM) | Bullish change | -0.6% | 0% | ||
Consumer Price Index (YoY) | Bearish change | 0.2% | 0.1% | ||
Producer Price Index (YoY) | Bullish change | -2.5% | -2.3% | ||
Caixin Services PMI | Bullish change | 51.5 | 52.2 |
Country: | China |
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Currency: | CNY |
Source: | China Federation of Logistics and Purchasing |
Category: | Economic Activity |
Frequency: | Monthly |