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 against a forecast of 50.
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 | ||||
|---|---|---|---|---|---|
| Industrial Production (YoY) | Bearish change | 5.3% | 4.5% | ||
| Retail Sales (YoY) | Bearish change | 1% | 0.6% | ||
| Consumer Price Index (MoM) | Bullish change | -0.3% | -0.1% | ||
| Consumer Price Index (YoY) | Bearish change | 1% | 0.5% | ||
| Producer Price Index (YoY) | Bearish change | 4.1% | 3.5% |
| Country: | China |
|---|---|
| Currency: | CNY |
| Source: | China Federation of Logistics and Purchasing |
| Category: | Economic Activity |
| Frequency: | Monthly |