China Non Manufacturing PMI
A representative panel of 1200 businesses from the non-manufacturing sector which is based on the Non-Manufacturing Purchasing Managers Index survey in China, asks ten questions about business activity, new orders, new export orders, the in-hand orders index, stock, intermediate input price, subscription price, employment, supplier delivery time, and business activities expectations. The diffusion index is computed for each question in turn. The business activity index is typically used to reflect the overall changes in the non-manufacturing sector, as there is no integrated PMI. A reading of the PMI that is greater than 50 percent implies growth from the previous month, while a reading of less than 50 indicates decreasing.
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 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 | 7h 0min ago
China Keeps Medium-Term Lending Facility Rate Unchanged
China left its medium-term lending facility rate unchanged on Monday as the central bank focus more on diverting risks to the weakening yuan. The People's Bank of China conducted CNY 100 billion of one-year MLF at an interest rate of 2.5 percent. The interest rate was kept unchanged from the previous session. The bank injected CNY 2 billion via seven-day reverse repos at a rate of 1.8 percent.
RTTNews | 1 day ago
China Inflation Eases More Than Expected; Producer Prices Fall Further
China's consumer price inflation slowed more than expected in March and producer prices continued to decline, reflecting the existence of deep deflationary pressures. The consumer price index gained only 0.1 percent on a yearly basis in March, the National Bureau of Statistics said Thursday. This was slower than the 0.7 percent rise in February and also weaker than economists' forecast.
RTTNews | 5 days ago
