Lower numbers than forecast tend to be bullish for xxx/CNY pairs and bearish for CNY/xxx pairs.
The most recent announced value for Non-Manufacturing PMI was 49.4 against a forecast of 49.9.
Recent economic data has been moderately bullish for CNY. Other recent announcements which may affect the market's interpretation of the next Non-Manufacturing PMI result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Consumer Price Index (MoM) | Bullish change | -0.7% | 0.3% | ||
| Consumer Price Index (YoY) | Bullish change | 1% | 1.2% | ||
| Producer Price Index (YoY) | Bullish change | 0.5% | 2.8% | ||
| RatingDog Services PMI | Bullish change | 52.1 | 52.6 | ||
| RatingDog Manufacturing PMI | Bullish change | 50.8 | 52.2 | ||
| NBS Manufacturing PMI | Bearish change | 50.4 | 50.3 |
| Country: | China |
|---|---|
| Currency: | CNY |
| Source: | China Federation of Logistics and Purchasing |
| Category: | Economic Activity |
| Frequency: | Monthly |