Challenges
NBS Manufacturing PMI
Most recent - Saturday 1 March 2025 01:30
Higher numbers than forecast tend to be bullish for CNY/xxx pairs and bearish for xxx/CNY pairs.
Next event - Monday 31 March 2025 01:30
The typical/expected impact on CNY pairs is high.
There is no forecast value for NBS Manufacturing PMI yet - check back for updates.
Trading range
Forecast history
The most recent announced value for NBS Manufacturing PMI was 50.2 against a forecast of 49.9.
Past events
Economic context
Recent economic data has been broadly neutral 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) | Bearish change | 0.7% | -0.2% | ||
| Consumer Price Index (YoY) | Bearish change | 0.5% | -0.7% | ||
| Producer Price Index (YoY) | Bullish change | -2.3% | -2.2% | ||
| Exports (YoY) CNY | Bearish change | 10.9% | 3.4% | ||
| Imports (YoY) | Bearish change | 1% | -8.4% | ||
| Imports (YoY) CNY | Bearish change | 1.3% | -7.3% | ||
| Trade Balance CNY | Bearish change | 752.91B | 122B | ||
| Trade Balance USD | Bullish change | $104.84B | $170.51B | ||
| Exports (YoY) | Bearish change | 10.7% | 2.3% | ||
| Caixin Services PMI | Bullish change | 51 | 51.4 | ||
| Caixin Manufacturing PMI | Bullish change | 50.1 | 50.8 | ||
| NBS Non-Manufacturing PMI | Bullish change | 50.2 | 50.4 |
About NBS Manufacturing PMI
| Country: | China |
|---|---|
| Currency: | CNY |
| Source: | China Federation of Logistics and Purchasing |
| Category: | Economic Activity |
| Frequency: | Monthly |