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 50.4 against a forecast of 50.3.
Recent economic data has been moderately 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 | 6.2% | 5.9% | ||
Retail Sales (YoY) | Bullish change | 3.7% | 4% | ||
Consumer Price Index (MoM) | Bearish change | 0.7% | -0.2% | ||
Consumer Price Index (YoY) | Bearish change | 0.5% | -0.7% | ||
Producer Price Index (YoY) | Bullish change | -2.3% | -2.2% |
Country: | China |
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Currency: | CNY |
Source: | China Federation of Logistics and Purchasing |
Category: | Economic Activity |
Frequency: | Monthly |