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 49.4 against a forecast of 50.3.
Recent economic data has been broadly neutral 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) | (no change) | 0.2% | 0.2% | ||
| Consumer Price Index (YoY) | Bearish change | 0.8% | 0.2% | ||
| Producer Price Index (YoY) | Bullish change | -1.9% | -1.4% | ||
| RatingDog Services PMI | Bullish change | 52 | 52.3 | ||
| RatingDog Manufacturing PMI | Bullish change | 50.1 | 50.3 | ||
| 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 |