Lower numbers than forecast tend to be bullish for xxx/CNY pairs and bearish for CNY/xxx 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 49 against a forecast of 49.6.
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 | ||||
|---|---|---|---|---|---|
| Industrial Production (YoY) | Bearish change | 6.5% | 4.9% | ||
| Retail Sales (YoY) | Bearish change | 3% | 2.9% | ||
| Consumer Price Index (MoM) | Bullish change | 0.1% | 0.2% | ||
| Consumer Price Index (YoY) | Bullish change | -0.3% | 0.2% | ||
| Producer Price Index (YoY) | Bullish change | -2.3% | -2.1% |
| Country: | China |
|---|---|
| Currency: | CNY |
| Source: | China Federation of Logistics and Purchasing |
| Category: | Economic Activity |
| Frequency: | Monthly |