China CNY

China Caixin Manufacturing PMI

影响:
高的

Latest Release:

Surprise:
CNY0.6
| CNY
实际的:
50.4
预报: 49.8
Previous/Revision:
51.2
Period: 4月 2025

Next Release:

预报: 49.5
Period: 6月 2025
它衡量什么?
中国财新制造业PMI通过调查该行业的采购经理,关注生产、就业和新订单,以衡量中国制造业的经济健康状况。PMI值本身是一个关键指标,其中读数高于50表示扩张,低于50的读数表示收缩,使其成为国家指标。
发布频率
中国财新制造业PMI作为初步估计,每月发布一次,通常在每月的第一个工作日公布。
为什么交易员关心它?
交易员密切关注中国财新制造业PMI,因为它提供了制造业经济活动的及时见解,影响金融市场和投资者情绪。通常,正面或高于预期的结果对人民币(CNY)和相关股票有利,而较弱的读数可能导致看跌反应。
它的来源是什么?
中国财新制造业PMI来源于制造业企业采购经理的调查回复,捕捉产出、新订单和库存水平等组件的数据。该数据使用扩散指数方法编制,权重调查结果以生成整体PMI读数。
描述
中国财新制造业PMI是一个具有影响力的经济指标,提供了中国制造业的快照,这对理解更广泛的经济趋势至关重要。初步报告基于初始调查回复提供早期估计,这通常导致比最终报告更显著的市场波动,尽管最终报告通常更准确,但由于其时机原因市场影响较小。对于该指标,应用月度环比(MoM)报告,突出短期变化和制造业条件的潜在突然转变,使交易员和分析师能够迅速调整预测和策略。
附加说明
中国财新制造业PMI作为一个先行经济指标,常常提供中国经济变化的早期信号,这可能预示更广泛经济条件的变化。它补充了其他报告,如官方NBS制造业PMI,为分析师提供更多背景,以便比较市场预期与该地区实际经济表现。
对货币和股票的利好或利空影响
高于预期:利好人民币,利好中国股票。 低于预期:利空人民币,利空中国股票。

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the ‘Actual’ value differs enough from the forecast or if the ‘Previous’ value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the ‘Actual’ deviates from the forecast or there’s a notable revision to the ‘Previous’ value.

Medium Potential Impact
This event is unlikely to affect market pricing unless there’s an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
'Actual' deviated from 'Forecast' on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
'Actual' deviated from 'Forecast' on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency.

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
50.4
49.8
51.2
0.6
 
51.1  
 
50.3  
 
50.5  
 
51.7  
51.5
50.5
50.3
1
50.3
49.7
49.3
0.6
49.3
50.5
50.4
-1.2
50.4
50
49.8
0.4
49.8
51.5
51.8
-1.7
51.8
51.2
51.7
0.6
51.7
51.5
51.4
0.2
51.4
51
51.1
0.4
51.1
51
50.9
0.1
50.9
50.6
50.8
0.3
50.8
50.6
50.8
0.2
50.8
50.4
50.7
0.4
50.7
49.8
49.5
0.9
49.5
50.8
50.6
-1.3
50.6
51.2
51
-0.6
51
49.3
49.2
1.7
49.2
50.3
50.5
-1.1
50.5
50.2
50.9
0.3
50.9
49.5
49.5
1.4
49.5
50.3
50
-0.8
50
51.7
51.6
-1.7
51.6
50.2
49.2
1.4
49.2
49.5
49
-0.3
49
48.8
49.4
0.2
49.4
48.9
49.2
0.5
49.2
49
48.1
0.2
48.1
49.5
49.5
-1.4
49.5
50.2
50.4
-0.7
50.4
51.5
51.7
-1.1
51.7
50.1
48.1
1.6
48.1
48
46
0.1
46
47
48.1
-1
48.1
50
50.4
-1.9
50.4
49.3
49.1
1.1
49.1
50.4
50.9
-1.3
50.9
50
49.9
0.9
49.9
50.5
50.6
-0.6
50.6
50
50
0.6
50
49.5
49.2
0.5
49.2
50.2
50.3
-1
50.3
51
51.3
-0.7
51.3
51.8
52
-0.5
52
51.9
51.9
0.1
51.9
50.8
50.6
1.1
50.6
51.3
50.9
-0.7
50.9
51.5
51.5
-0.6
51.5
52.7
53
-1.2
53
54.8
54.9
-1.8
54.9
53.5
53.6
1.4
53.6
53
53
0.6
53
53.1
53.1
-0.1
53.1
52.6
52.8
0.5
52.8
51.3
51.2
1.5
51.2
50.5
50.7
0.7
50.7
49.6
49.4
1.1
49.4
50.3
50.1
-0.9
50.1
45.5
40.3
4.6
40.3
45.7
51.1
-5.4
51.1
51.3
51.5
-0.2
51.5
51.8
51.8
-0.3
51.8
51.4
51.7
0.4
51.7
51
51.4
0.7
51.4
50.2
50.4
1.2
50.4
49.8
49.9
0.6
49.9
49.6
49.4
0.3
49.4
50
50.2
-0.6
50.2
50
50.2
0.2
50.2
51
50.8
-0.8
50.8
50.1
49.9
0.7
49.9
48.5
48.3
1.4
48.3
49.5
49.7
-1.2
49.7
50.1
50.2
-0.4
50.2
50.1
50.1
0.1
50.1
49.9
50
0.2
50
50.5
50.6
-0.5
50.6
50.6
50.8
50.8
50.8
51
51
51.1
51.1
-0.1
51.1
51.3
51.1
-0.2
51.1
50.9
51
0.2
51
51.8
51.6
-0.8
51.6
51.3
51.5
0.3
51.5
51.5
51.5
51.5
50.6
50.8
0.9
50.8
50.9
51
-0.1
51
51
51
51
51.5
51.6
-0.5
51.6
50.9
51.1
0.7
51.1
50.4
50.4
0.7
50.4
49.5
49.6
0.9
49.6
50.1
50.3
-0.5
50.3
51.2
51.2
-0.9
51.2
51.5
51.7
-0.3
51.7
50.8
51
0.9
51
51.8
51.9
-0.8
51.9
50.6
50.9
1.3
50.9
50.8
51.2
0.1
51.2
50.2
50.1
1
50.1
50.1
50
50
50.1
50.6
-0.1
50.6
48.7
48.6
1.9
48.6
49.1
49.2
-0.5
49.2
49.3
49.4
-0.1
49.4
49.9
49.7
-0.5
49.7
48.2
48
1.5
48
48.3
48.4
-0.3
48.4
48
48.2
0.4
48.2
49
48.6
-0.8
48.6
48.3
48.3
0.3
48.3
47.5
47.2
0.8