The typical/expected impact on CNY pairs is high.
The consensus forecast for Caixin Manufacturing PMI is 49. A higher value than forecast tends to be bullish for CNY/xxx pairs and bearish for xxx/CNY pairs.
Lower numbers than forecast tend to be bullish for xxx/CNY pairs and bearish for CNY/xxx pairs.
The most recent announced value for Caixin Manufacturing PMI was 48.3 against a forecast of 50.6.
Other recent announcements which may affect the market's interpretation of the next Caixin Manufacturing PMI result:
Previous | Latest | ||||
---|---|---|---|---|---|
NBS Manufacturing PMI | Bullish change | 49.5 | 49.7 | ||
NBS Non-Manufacturing PMI | Bullish change | 50.3 | 50.5 |
Country: | China |
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Currency: | CNY |
Source: | IHS Markit |
Category: | Economic Activity |
Frequency: | Monthly |