Lower numbers than forecast tend to be bullish for xxx/CNY pairs and bearish for CNY/xxx pairs.
The typical/expected impact on CNY pairs is high.
The consensus forecast for Caixin Manufacturing PMI is 50.9. 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 Caixin Manufacturing PMI was 50.9 against a forecast of 51.5.
Other recent announcements which may affect the market's interpretation of the next Caixin Manufacturing PMI result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Industrial Production (YoY) | Bearish change | 5.3% | 4.5% | ||
| Retail Sales (YoY) | Bearish change | 1% | 0.6% |
| Country: | China |
|---|---|
| Currency: | CNY |
| Source: | IHS Markit |
| Category: | Economic Activity |
| Frequency: | Monthly |