CH Non-Manufacturing PMI
Track the CH Non-Manufacturing PMI to gauge China's economic health and its global market impact.
Overview
This serves as a key economic health indicator, as businesses respond swiftly to market changes, and purchasing managers possess some of the most timely and pertinent insights regarding the company's economic outlook. A reading above 50.0 signals industry growth, while a reading below indicates contraction. Chinese data can significantly influence currency markets due to China's substantial role in the global economy and its effect on investor sentiment. Note that the source transitioned from non-seasonally adjusted to seasonally adjusted data starting April 2012.
Key Information
What it Measures
It reflects the level of a diffusion index derived from surveys of purchasing managers within the services sector.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it typically benefits the currency.
Source & Frequency
CFLP (latest release) - http://en.chinawuliu.com.cn/ • Data is published monthly, usually towards the end of the month in question.
How Data is Derived
Survey of about 1200 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)