Monitor CH Manufacturing PMI for insights into economic health and industry trends. Key for Forex and equity markets.
This serves as a key indicator of economic well-being, as businesses respond swiftly to market shifts. Purchasing managers possess some of the most up-to-date and relevant perspectives on their company's economic outlook. A reading above 50.0 signifies industry growth, while a figure below it indicates contraction. This indicator typically has a stronger influence when published prior to the Caixin Manufacturing PMI, as there is a close correlation between the two reports. Chinese data can significantly affect currency markets due to the country's substantial role in the global economy and its impact on investor sentiment.
What it Measures
This index reflects the level of a diffusion measure derived from feedback from purchasing managers in the manufacturing sector.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it is considered beneficial for the currency.
Source & Frequency
CFLP (latest release) - http://en.chinawuliu.com.cn/ • This indicator is published monthly, usually towards the end of the month.
How Data is Derived
Survey of 3,000 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories
Also Known As
N/A
Acronym
China Federation of Logistics and Purchasing (CFLP), Purchasing Managers' Index (PMI)