The typical/expected impact on CNY pairs is high.
The consensus forecast for Non-Manufacturing PMI is 50. 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 Non-Manufacturing PMI was 50 against a forecast of 50.3.
Other recent announcements which may affect the market's interpretation of the next Non-Manufacturing PMI result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Gross Domestic Product (QoQ) | (no change) | 1.1% | 1.1% | ||
| Gross Domestic Product (YoY) | Bearish change | 5.2% | 4.8% | ||
| Industrial Production (YoY) | Bullish change | 5.2% | 6.5% | ||
| Retail Sales (YoY) | Bearish change | 3.4% | 3% |
| Country: | China |
|---|---|
| Currency: | CNY |
| Source: | China Federation of Logistics and Purchasing |
| Category: | Economic Activity |
| Frequency: | Monthly |