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 49.1 against a forecast of 50.1.
Recent economic data has been moderately bullish for CNY. Other recent announcements which may affect the market's interpretation of the next NBS Manufacturing PMI result:
Previous | Latest | ||||
---|---|---|---|---|---|
NBS Non-Manufacturing PMI | Bearish change | 52.2 | 50.2 | ||
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% |
Country: | China |
---|---|
Currency: | CNY |
Source: | China Federation of Logistics and Purchasing |
Category: | Economic Activity |
Frequency: | Monthly |