CH Non-Manufacturing PMI
It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy;
Above 50.0 indicates industry expansion, below indicates contraction. Chinese data can have a broad impact on commodity markets due to China's influence on global demand. Source changed series from non-seasonally adjusted to seasonally adjusted as of Apr 2012;
- CH Non-Manufacturing PMI Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Nov 29, 2024 | 50.0 | 50.4 | 50.2 |
| Oct 30, 2024 | 50.2 | 50.4 | 50.0 |
| Sep 29, 2024 | 50.0 | 50.4 | 50.3 |
| Aug 30, 2024 | 50.3 | 50.1 | 50.2 |
| Jul 30, 2024 | 50.2 | 50.3 | 50.5 |
| Jun 29, 2024 | 50.5 | 51.1 | 51.1 |
| May 30, 2024 | 51.1 | 51.5 | 51.2 |
| Apr 29, 2024 | 51.2 | 52.3 | 53.0 |
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- CH Non-Manufacturing PMI News
From bnnbloomberg.ca|Nov 29, 2024China’s factory activity continued to expand in November, after a broad package of stimulus measures helped reverse months of contraction. The official manufacturing purchasing managers’ index was 50.3, the National Bureau of Statistics said on Saturday, above the 50 mark that separates expansion and contraction. The median forecast of economists surveyed by Bloomberg was for a gain to 50.2 from 50.1 in October. The non-manufacturing measure of activity in construction and services slipped to 50 in November from the October reading ...
From cnbc.com|Oct 30, 2024China’s official purchasing managers’ index for October came in at 50.1, in expansionary territory for the first time since April, according to National Bureau of Statistics data released Thursday. The reading was expected to come in at 49.9, according to a Reuters poll. September’s reading was 49.8. The last time the PMI was above the 50-point line that determines contraction from activity was in April, with a reading of 50.4. A survey released Wednesday by the U.S.-based China Beige Book of 1,436 Chinese businesses between Oct. 18 ...
From fxstreet.com|Sep 29, 2024China’s official Manufacturing Purchasing Managers' Index (PMI) improved to 49.8 in September, compared to 49.1 in the previous reading. The reading beated the market consensus of 49.5 in the reported month. The NBS Non-Manufacturing PMI dropped to 50.0 in September versus August’s 50.3 figure and the estimates of 50.4. Market reaction At the time of writing, the AUD/USD pair is trading around 0.6928, up 0.39% on the day.China Economy China’s factory activity contracts less than expected in September China’s factory ...
From think.ing.com|Sep 26, 2024We think the Tankan survey will be the highlight of the week in Japan. We expect the service-led recovery to continue thanks to strong wage growth and cooling inflation. Manufacturing should also make some progress as auto production returns to normal, and IT demand is likely to grow. We expect industrial production to remain flat after a big jump in July. Toyota's production has only gradually normalised since September, dragging down overall production. Labour market conditions will probably remain tight due to labour shortages. ...
From asiatimes.com|Sep 3, 2024That loud sputtering sound emanating from China is increasing in volume as factory activity contracts for a fourth straight month. China’s official manufacturing purchasing managers’ index (PMI) dropped to 49.1 in August from 49.4 in July. Since April 2023, this key barometer has been below the 50-mark separating expansion and contraction for all but three months. It suggests that Beijing’s efforts to revive Asia’s biggest economy care gaining less traction than hoped. “We believe more fiscal easing is necessary to help secure the ...
From currencythoughts.com|Sep 2, 2024The dollar climbed 0.5% against the Japanese yen, but the weighted DXY dollar index is unchanged. Equity indices have edged 0.1% lower in Germany, France, Italy, Great Britain and Spain. Greater volatility was experienced in Asian share prices including gains of 1.1% in China, 0.9% in New Zealand, and 0.6% in Singapore but also a 1.7% slump in Hong Kong’s Hang Seng index. U.S. and Canadian markets will be closed for Labor Day observances. Ten-year sovereign debt yields increased overnight by 7 basis points in Italy, four bps in Great ...
From xm.com|Sep 1, 2024Investors in Asia kick off the new trading month on the front foot, optimistic about a U.S. 'soft landing' and dovish Fed outlook, which should help boost risk appetite and the appeal of emerging market assets. The recent slide in the dollar, falling U.S. bond yields and global equity bounce have resulted in a significant loosening of financial conditions that is fueling a virtuous cycle of increasing bullishness. Data last week showed U.S. growth beating forecasts and inflation cooling, just as the Fed is about to start its easing ...
From fxstreet.com|Jul 30, 2024China’s official Manufacturing Purchasing Managers' Index (PMI) edged a tad lower from 49.5 in June to 49.4 in July, the data published by the National Bureau of Statistics (NBS) showed Wednesday. The market consensus was 49.3 in the reported month. The index remained below the 50 mark, which separates expansion from contraction. The NBS Non-Manufacturing PMI declined to 50.2 in July versus June’s 50.5 figure, matching the estimated 50.2 print. AUD/USD reaction to China's PMI data The upbeat Chinese PMIs fail to impress the ...
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| Released on Aug 30, 2024 |
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| Released on Jul 30, 2024 |
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