China NBS Manufacturing PMI
A survey of more large-scale, state-owned enterprises in China is used to calculate the NBS Manufacturing Purchasing Manager Index, which is used to gauge the performance of the manufacturing sector in that country. A total of five individual indicators are used to calculate the index, with the following weightings: New Orders (30%), Output (25%), Employment (20%), Supplier's Delivery Times (15%), and Stock of Items Purchased (10%), with the Delivery Times index reversed so that it moves in a similar direction to the other indexes. A value above 50 indicates that the manufacturing sector has increased in comparison to the previous month, a rating below 50 indicates that the manufacturing sector has declined, and a value of 50 implies that nothing has changed.
A higher than expected figure should be seen as positive (bullish) for the CNY while a lower than expected figure should be seen as negative (bearish) for the CNY.
News (CNY)
China Keeps Lending Rates Unchanged As Expected
China maintained its benchmark lending rates unchanged as expected after the economy showed signs of improvement at the start of the year. At a monthly fixing on Monday, the People's Bank of China kept the one-year loan prime rate at 3.45 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was retained at 3.95 percent.
RTTNews | 3 days ago
China GDP Growth Tops Expectations In Q1
China's economy posted a stronger-than-expected growth in the first quarter as strong exports on the back of weaker currency helped to counteract the downturn in the property market. Gross domestic product grew 5.3 percent on a yearly basis in the first quarter, the National Bureau of Statistics reported Tuesday. The growth rate exceeded both expectations of 5.0 percent and the previous quarter'
RTTNews | 9 days ago
China GDP Expands Annualized 5.3% In Q1
China's gross domestic product gained 5.3 percent on year in the first quarter of 2024, the National Bureau of Statistics said on Tuesday - exceeding expectations for an increase of 4.8 percent and up from 5.2 percent in the previous three months.
RTTNews | 10 days ago
