Lower numbers than forecast tend to be bullish for xxx/CNY pairs and bearish for CNY/xxx pairs.
The most recent announced value for NBS Manufacturing PMI was 49 against a forecast of 49.1.
Recent economic data has been strongly bullish for CNY. Other recent announcements which may affect the market's interpretation of the next NBS Manufacturing PMI result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Exports (YoY) | Bullish change | 6.6% | 21.8% | ||
| Exports (YoY) CNY | Bullish change | 5.2% | 19.2% | ||
| Imports (YoY) | Bullish change | 5.7% | 19.8% | ||
| Imports (YoY) CNY | Bullish change | 4.4% | 17.1% | ||
| Trade Balance CNY | Bullish change | 808.55B | 1500B | ||
| Trade Balance USD | Bullish change | $114.11B | $213.62B | ||
| Consumer Price Index (MoM) | Bullish change | 0.2% | 1% | ||
| Consumer Price Index (YoY) | Bullish change | 0.2% | 1.3% | ||
| Producer Price Index (YoY) | Bullish change | -1.4% | -0.9% | ||
| RatingDog Manufacturing PMI | Bullish change | 50.3 | 52.1 | ||
| RatingDog Services PMI | Bullish change | 52.3 | 56.7 | ||
| NBS Non-Manufacturing PMI | Bullish change | 49.4 | 49.5 |
| Country: | China |
|---|---|
| Currency: | CNY |
| Source: | China Federation of Logistics and Purchasing |
| Category: | Economic Activity |
| Frequency: | Monthly |