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 52.2 against a forecast of 50.2.
Recent economic data has been broadly neutral for CNY. Other recent announcements which may affect the market's interpretation of the next Non-Manufacturing PMI result:
Previous | Latest | ||||
---|---|---|---|---|---|
Consumer Price Index (MoM) | Bullish change | -0.6% | 0% | ||
Consumer Price Index (YoY) | Bearish change | 0.2% | 0.1% | ||
Producer Price Index (YoY) | Bullish change | -2.5% | -2.3% | ||
Caixin Services PMI | Bullish change | 51.5 | 52.2 | ||
Caixin Manufacturing PMI | Bearish change | 51.5 | 50.5 | ||
NBS Manufacturing PMI | Bearish change | 50.3 | 50.1 |
Country: | China |
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Currency: | CNY |
Source: | China Federation of Logistics and Purchasing |
Category: | Economic Activity |
Frequency: | Monthly |