China Caixin Manufacturing Purchasing Managers Index (PMI)

  • China Caixin Manufacturing Purchasing Managers Index (PMI) results in real time as they're announced. Read related news and analysis, get historical data, and see the immediate global market impact.
CNY
Actual
51.0
Forecast
49.3
Previous
49.2
Latest Release
Sep 01, 2023
Importance
Source
Markit
Overview
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.
Historical Data
Release Date
Time
Actual
Forecast
Previous
Sep 01, 2023 (Aug) 07:15 51.0 49.3
49.2
Aug 01, 2023 (Jul) 07:15 49.2 50.3
50.5
Jul 03, 2023 (Jun) 07:15 50.5 50.2
50.9
Jun 01, 2023 (May) 07:15 50.9 50.3
49.5
May 04, 2023 (Apr) 07:15 49.5 50.3
50.0

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