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.
The consensus forecast for NBS Manufacturing PMI is 49.5. A higher value than forecast tends to be bullish for CNY/xxx pairs and bearish for xxx/CNY pairs.
The most recent announced value for NBS Manufacturing PMI was 49 against a forecast of 49.9.
Other recent announcements which may affect the market's interpretation of the next NBS Manufacturing PMI result:
Previous | Latest | ||||
---|---|---|---|---|---|
Industrial Production (YoY) | Bearish change | 7.7% | 6.1% | ||
Retail Sales (YoY) | Bearish change | 5.9% | 5.1% |
Country: | China |
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Currency: | CNY |
Source: | China Federation of Logistics and Purchasing |
Category: | Economic Activity |
Frequency: | Monthly |