Monthly Index Indicating Manufacturing Sentiment in China
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| Date | Related Instruments Price Volatility | |||||
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The Caixin Manufacturing Purchasing Managers' Index (PMI) is a monthly indicator used to assess economic activity in China's manufacturing sector. This index is based on a survey jointly conducted by Caixin Media and IHS Markit, gathering data from purchasing managers in the manufacturing sector on new orders, inventory levels, employment conditions, supplier delivery times, and price trends.
The PMI uses 50 as a benchmark: a reading above 50 indicates expansion in the manufacturing sector, while a reading below 50 indicates contraction. This index is crucial for quickly understanding the current state of the Chinese economy, particularly the trends in the manufacturing sector.
Policy makers use the Caixin Manufacturing PMI to evaluate economic prospects and formulate appropriate monetary policies. For example, if the index shows strong growth, the central bank may consider raising interest rates to curb inflation risks. Conversely, if the index declines, it might indicate the need to strengthen economic stimulus measures. For businesses and investors, the PMI is an important source of information for understanding the sentiment in the manufacturing sector and making informed economic and investment decisions.
| Date | Value | Related Instruments Price Volatility | ||||||||
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| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
