The typical/expected impact on CNY pairs is medium.
The consensus forecast for Producer Price Index (YoY) is -2.6%. A higher value than forecast tends to be bullish for CNY/xxx pairs and bearish for xxx/CNY pairs.
Lower numbers than forecast tend to be bullish for xxx/CNY pairs and bearish for CNY/xxx pairs.
The most recent announced value for Producer Price Index (YoY) was -2.5% against a forecast of -2.3%.
Recent economic data has been strongly bearish for CNY. Other recent announcements which may affect the market's interpretation of the next Producer Price Index (YoY) result:
Previous | Latest | ||||
---|---|---|---|---|---|
Exports (YoY) | Bearish change | 12.4% | 8.1% | ||
Exports (YoY) CNY | Bearish change | 13.5% | 9.3% | ||
Imports (YoY) | Bullish change | -4.3% | -0.2% | ||
Imports (YoY) CNY | Bullish change | -3.5% | 0.8% | ||
Trade Balance CNY | Bearish change | 736.72B | 689.99B | ||
Trade Balance USD | Bearish change | $102.64B | $96.18B | ||
Caixin Services PMI | Bearish change | 51.9 | 50.7 | ||
Caixin Manufacturing PMI | Bearish change | 51.2 | 50.4 | ||
NBS Manufacturing PMI | Bearish change | 50.5 | 49 | ||
NBS Non-Manufacturing PMI | Bearish change | 50.8 | 50.4 |
Country: | China |
---|---|
Currency: | CNY |
Source: | National Bureau of Statistics of China |
Category: | Inflation |
Frequency: | Monthly |