Higher numbers than forecast tend to be bullish for CNY/xxx pairs and bearish for xxx/CNY pairs.
The typical/expected impact on CNY pairs is high.
The consensus forecast for Caixin Manufacturing PMI is 49.9. 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 Caixin Manufacturing PMI was 51.2 against a forecast of 51.1.
Other recent announcements which may affect the market's interpretation of the next Caixin Manufacturing PMI result:
Previous | Latest | ||||
---|---|---|---|---|---|
Industrial Production (YoY) | Bullish change | 5.9% | 7.7% | ||
Retail Sales (YoY) | Bullish change | 4% | 5.9% | ||
Gross Domestic Product (QoQ) | Bearish change | 1.6% | 1.2% | ||
Gross Domestic Product (YoY) | (no change) | 5.4% | 5.4% |
Country: | China |
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Currency: | CNY |
Source: | IHS Markit |
Category: | Economic Activity |
Frequency: | Monthly |