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China Caixin Manufacturing Purchasing Managers Index (PMI)

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China Caixin Manufacturing Purchasing Managers Index (PMI)

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Delivery Method

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Status

 
Latest Release
Dec 01, 2021
Actual
49.9
Forecast
50.5
Previous
50.6
The Manufacturing Purchasing Managers' Index (PMI) is a diffusion index incorporating survey results conducted on manufacturing firms throughout the country. A reading above fifty suggests the manufacturing sector is expanding, while a reading below fifty suggests the manufacturing sector is in contraction. Policymakers and traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, rather than waiting for the hard data to emerge. While manufacturing accounts for a far smaller percentage of economic output than services, it is far more cyclical and is therefore a useful indicator of where in the economic cycle the economy is currently situated.

A reading that is stronger than forecast is generally supportive (bullish) for the CNY , while a weaker than forecast reading is generally negative (bearish) for the CNY.
Importance:
Country:
Currency: CNY
Source: Markit
China Caixin Manufacturing Purchasing Managers Index (PMI)
 
Release Date Time Actual Forecast Previous
Dec 01, 2021 (Nov) 02:45 49.9 50.5 50.6
Nov 01, 2021 (Oct) 02:45 50.6 50.0 50.0
Sep 30, 2021 (Sep) 02:45 50.0 49.5 49.2
Sep 01, 2021 (Aug) 02:45 49.2 50.2 50.3
Aug 02, 2021 (Jul) 02:45 50.3 51.0 51.3
Jul 01, 2021 (Jun) 02:45 51.3 51.8 52.0

News

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Analysis

Caixin Manufacturing PMI Discussion

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