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 Non-Manufacturing PMI yet - check back for updates.
The most recent announced value for Non-Manufacturing PMI was 49.7 against a forecast of 50.5.
Recent economic data has been strongly bearish for CNY. Other recent announcements which may affect the market's interpretation of the next Non-Manufacturing PMI result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Exports (YoY) | Bearish change | 36.3% | 35.2% | ||
| Exports (YoY) CNY | Bearish change | 29.6% | 28.7% | ||
| Imports (YoY) | Bullish change | 31% | 41.6% | ||
| Imports (YoY) CNY | Bullish change | 24.6% | 34.7% | ||
| Trade Balance CNY | Bearish change | 905.97B | 712.78B | ||
| Trade Balance USD | Bearish change | $133.53B | $105.28B | ||
| Consumer Price Index (MoM) | Bearish change | 0.2% | 0% | ||
| Consumer Price Index (YoY) | Bearish change | 0.9% | 0.7% | ||
| Producer Price Index (YoY) | Bullish change | 5% | 5.7% | ||
| RatingDog Services PMI | Bearish change | 51.6 | 50.8 | ||
| RatingDog Manufacturing PMI | Bearish change | 52.1 | 52 | ||
| NBS Manufacturing PMI | Bearish change | 50.1 | 49.3 |
| Country: | China |
|---|---|
| Currency: | CNY |
| Source: | China Federation of Logistics and Purchasing |
| Category: | Economic Activity |
| Frequency: | Monthly |