Higher numbers than forecast tend to be bullish for CNY/xxx pairs and bearish for xxx/CNY pairs.
The most recent announced value for Caixin Manufacturing PMI was 51.8 against a forecast of 51.4.
Recent economic data has been moderately bullish for CNY. Other recent announcements which may affect the market's interpretation of the next Caixin Manufacturing PMI result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Exports (YoY) | Bullish change | 14.1% | 19.4% | ||
| Exports (YoY) CNY | Bullish change | 9.8% | 13.8% | ||
| Imports (YoY) | Bullish change | 25.3% | 27.4% | ||
| Imports (YoY) CNY | Bullish change | 20.6% | 21.5% | ||
| Trade Balance CNY | Bullish change | 585.69B | 723.98B | ||
| Trade Balance USD | Bullish change | $84.82B | $105.43B | ||
| RatingDog Services PMI | Bullish change | 52.6 | 54.4 | ||
| NBS Manufacturing PMI | Bearish change | 50.3 | 50 | ||
| NBS Non-Manufacturing PMI | Bullish change | 49.4 | 50.1 |
| Country: | China |
|---|---|
| Currency: | CNY |
| Source: | IHS Markit |
| Category: | Economic Activity |
| Frequency: | Monthly |