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.
The consensus forecast for NBS Manufacturing PMI is 50.2. 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 NBS Manufacturing PMI was 50.4 against a forecast of 50.1.
Other recent announcements which may affect the market's interpretation of the next NBS Manufacturing PMI result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Gross Domestic Product (QoQ) | Bullish change | 1.2% | 1.3% | ||
| Gross Domestic Product (YoY) | Bullish change | 4.5% | 5% | ||
| Industrial Production (YoY) | Bearish change | 6.3% | 5.7% | ||
| Retail Sales (YoY) | Bearish change | 2.8% | 1.7% |
| Country: | China |
|---|---|
| Currency: | CNY |
| Source: | China Federation of Logistics and Purchasing |
| Category: | Economic Activity |
| Frequency: | Monthly |