China Caixin Composite PMI
In China, the Caixin China Composite Output Index, which is based on data collected from a representative panel of approximately 400 enterprises, measures business trends throughout the entire private sector activity. Sales, new orders, employment, inventories, and pricing are just a few of the variables tracked by the index. A value above 50 suggests that business activity is expanding, while a reading below 50 indicates that company activity is generally dropping.
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 Manufacturing Sector Accelerates In April - Caixin
The manufacturing sector in China continued to expand in April, and at a faster pace, the latest survey from Caixin said on Tuesday with a manufacturing PMI score of 51.4.
RTTNews | 5 days ago
China Manufacturing PMI Slows To 50.4 In April - NBS
The manufacturing sector in China continued to expand in April, albeit at a slower pace, the National Bureau of Statistics said on Tuesday with a manufacturing PMI score of 50.4.
RTTNews | 5 days ago
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 | 13 days ago
