The typical/expected impact on CNY pairs is high.
The consensus forecast for Non-Manufacturing PMI is 52.2. A higher value than forecast tends to be bullish for CNY/xxx pairs and bearish for xxx/CNY pairs.
The most recent announced value for Non-Manufacturing PMI was 53.
Other recent announcements which may affect the market's interpretation of the next Non-Manufacturing PMI result:
Previous | Latest | ||||
---|---|---|---|---|---|
Gross Domestic Product (QoQ) | Bullish change | 1.2% | 1.6% | ||
Gross Domestic Product (YoY) | Bullish change | 5.2% | 5.3% | ||
Industrial Production (YoY) | Bearish change | 7% | 4.5% | ||
Retail Sales (YoY) | Bearish change | 5.5% | 3.1% |
Country: | China |
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Currency: | CNY |
Source: | China Federation of Logistics and Purchasing |
Category: | Economic Activity |
Frequency: | Monthly |