Higher numbers than forecast tend to be bullish for CNY/xxx pairs and bearish for xxx/CNY 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 50.5 against a forecast of 50.3.
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 | ||||
---|---|---|---|---|---|
Exports (YoY) | Bullish change | 4.8% | 5.8% | ||
Imports (YoY) | Bullish change | -3.4% | 1.1% | ||
Imports (YoY) CNY | Bullish change | -2.1% | 2.3% | ||
Trade Balance CNY | Bearish change | 743.56B | 585.96B | ||
Trade Balance USD | Bullish change | $103.22B | $114.77B | ||
Exports (YoY) CNY | Bullish change | 6.3% | 7.2% | ||
Consumer Price Index (MoM) | Bullish change | -0.2% | -0.1% | ||
Consumer Price Index (YoY) | Bullish change | -0.1% | 0.1% | ||
Producer Price Index (YoY) | Bearish change | -3.3% | -3.6% | ||
Caixin Services PMI | Bearish change | 51.1 | 50.6 | ||
Caixin Manufacturing PMI | Bullish change | 48.3 | 50.4 |
Country: | China |
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Currency: | CNY |
Source: | China Federation of Logistics and Purchasing |
Category: | Economic Activity |
Frequency: | Monthly |