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.
There is no forecast value for Non-Manufacturing PMI yet - check back for updates.
The most recent announced value for Non-Manufacturing PMI was 50.1 against a forecast of 50.
Recent economic data has been strongly bearish for CNY. Other recent announcements which may affect the market's interpretation of the next Non-Manufacturing PMI result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Exports (YoY) | Bearish change | 8.3% | 1.1% | ||
| Exports (YoY) CNY | Bearish change | 8.4% | -0.8% | ||
| Imports (YoY) | Bearish change | 7.4% | 1% | ||
| Imports (YoY) CNY | Bearish change | 7.5% | 1.4% | ||
| Trade Balance CNY | Bearish change | 645.47B | 640.4B | ||
| Trade Balance USD | Bearish change | $90.45B | $90.07B | ||
| NBS Manufacturing PMI | Bearish change | 49.8 | 49 |
| Country: | China |
|---|---|
| Currency: | CNY |
| Source: | China Federation of Logistics and Purchasing |
| Category: | Economic Activity |
| Frequency: | Monthly |