Monthly Index Indicating Manufacturing Sentiment in China
China| Date | Value | ||
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| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
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| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The Manufacturing Purchasing Managers' Index (PMI) is a monthly indicator used to assess the economic activity of China's manufacturing sector. This index is based on surveys conducted jointly by the China Federation of Logistics & Purchasing (CFLP) and the National Bureau of Statistics (NBS) of China, collecting data from manufacturing purchasing managers on new orders, inventory levels, employment, delivery times, and pricing 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 manufacturing sector.
Policymakers use the Manufacturing PMI to evaluate economic prospects and formulate appropriate monetary policies. For example, if the PMI shows strong growth, the central bank might consider raising interest rates to curb inflation risks. Conversely, if the PMI declines, it may signal the need to strengthen economic stimulus measures. Additionally, the PMI serves as a vital information source for businesses and investors to gauge manufacturing sentiment and economic outlook.
| 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 | ||
