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.
The consensus forecast for Non-Manufacturing PMI is 50.4. A higher value than forecast tends to be bullish for CNY/xxx pairs and bearish for xxx/CNY pairs.
The most recent announced value for Non-Manufacturing PMI was 50 against a forecast of 50.4.
Other recent announcements which may affect the market's interpretation of the next Non-Manufacturing PMI result:
Previous | Latest | ||||
---|---|---|---|---|---|
Gross Domestic Product (QoQ) | Bullish change | 0.7% | 0.9% | ||
Gross Domestic Product (YoY) | Bearish change | 4.7% | 4.6% | ||
Industrial Production (YoY) | Bullish change | 4.5% | 5.4% | ||
Retail Sales (YoY) | Bullish change | 2.1% | 3.2% |
Country: | China |
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Currency: | CNY |
Source: | China Federation of Logistics and Purchasing |
Category: | Economic Activity |
Frequency: | Monthly |