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 NBS Manufacturing PMI yet - check back for updates.
The most recent announced value for NBS Manufacturing PMI was 50.4 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 NBS Manufacturing PMI result:
Previous | Latest | ||||
---|---|---|---|---|---|
Exports (YoY) | Bullish change | -7.5% | 1.5% | ||
Exports (YoY) CNY | Bullish change | -3.8% | 5.1% | ||
Imports (YoY) | Bullish change | -1.9% | 8.4% | ||
Imports (YoY) CNY | Bullish change | 2% | 12.2% | ||
Trade Balance CNY | Bullish change | 415.86B | 513.45B | ||
Trade Balance USD | Bullish change | $58.55B | $72.35B | ||
Caixin Services PMI | Bearish change | 52.7 | 52.5 | ||
Caixin Manufacturing PMI | Bullish change | 51.1 | 51.4 | ||
NBS Non-Manufacturing PMI | Bearish change | 53 | 51.2 |
Country: | China |
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Currency: | CNY |
Source: | China Federation of Logistics and Purchasing |
Category: | Economic Activity |
Frequency: | Monthly |