China CNY

China Caixin Composite PMI

Info

History

Chart

Impact:

Low

Source: S&P Global

Latest Release:

Date:

Surprise:

0.9

Actual:

52.3

Forecast: 51.4

Previous/Revision:

51.9

Period: Nov

What Does It Measure?

The China Caixin Composite Purchasing Managers' Index (PMI) measures the overall health of the manufacturing and services sectors in China. It provides insights into economic activity, focusing on production, employment, new orders, suppliers' delivery times, and inventories, with values above 50 indicating expansion and below indicating contraction.

Frequency

This index is released monthly, with the result representing a preliminary estimate based on survey data collected during the same month, typically published on the first week of the following month.

Why Do Traders Care?

Traders closely monitor the Caixin Composite PMI because it offers essential insights into China's economic performance, influencing global markets significantly due to China's role in international trade. Positive readings can bolster confidence in the yuan and lead to bullish sentiment in equities, while disappointing figures may prompt concerns about economic slowdowns, impacting currencies and stock markets adversely.

What Is It Derived From?

The Caixin Composite PMI is derived from a survey of purchasing managers in both the manufacturing and services sectors, often involving over 400 companies. The data collection utilizes diffusion indices, where respondents answer questions regarding changes in business conditions, and the results are weighted to reflect the size of the sectors.

Description

The Caixin Composite PMI serves as a crucial leading indicator for assessing economic trends in China. It combines data from both manufacturing and service sectors, allowing for a comprehensive view of business activity and potential economic growth, and is widely regarded as an effective measure of economic confidence.

Additional Notes

As a leading indicator, the Caixin Composite PMI provides early insights into economic trends and is often compared with other indicators such as the official PMI and GDP growth rates. This index reflects broader patterns in economic performance and serves as a vital tool for analysts to gauge the economic environment in China relative to other regional and global markets.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for CNY, Bullish for Stocks. Lower than expected: Bearish for CNY, Bearish for Stocks.

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.

Low 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 Forcast 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	Actual	Forecast	Previous	Surprise
Aug 05, 2025		50.9
Jul 03, 2025		50.2
Jun 05, 2025		50.7
May 06, 2025		50.5
Apr 03, 2025		51.7
Mar 05, 2025		51.4
Feb 05, 2025		50.1
Jan 06, 2025		51.5
Dec 04, 2024	52.3	51.4	51.9	0.9
Nov 05, 2024	51.9	50.6	50.3	1.3
Sep 30, 2024	50.3	50.5	51.2	-0.2
Sep 04, 2024	51.2	51	51.2	0.2
Aug 05, 2024	51.2	52.3	52.8	-1.1
Jul 03, 2024	52.8	53.6	54.1	-0.8
Jun 05, 2024	54.1	51.5	52.8	2.6
May 06, 2024	52.8	52.5	52.7	0.3
Apr 03, 2024	52.7	52.7	52.5
Mar 05, 2024	52.5	53.1	52.5	-0.6
Feb 05, 2024	52.5	52.6	52.6	-0.1
Jan 04, 2024	52.6	51.6	51.6	1
Dec 05, 2023	51.6	51.2	50	0.4
Nov 03, 2023	50	51	50.9	-1
Oct 01, 2023	50.9	53	51.7	-2.1
Sep 05, 2023	51.7	51.9	51.9	-0.2
Aug 03, 2023	51.9	51	52.5	0.9
Jul 05, 2023	52.5	55.1	55.6	-2.6
Jun 05, 2023	55.6	53.3	53.6	2.3
May 05, 2023	53.6	55	54.5	-1.4
Apr 06, 2023	54.5	54.5	54.2
Mar 03, 2023	54.2	52.5	51.1	1.7
Feb 03, 2023	51.1	52.8	48.3	-1.7
Jan 05, 2023	48.3	46	47	2.3
Dec 05, 2022	47	47	48.3
Nov 03, 2022	48.3	48.1	48.5	0.2
Oct 08, 2022	48.5	53.1	53	-4.6
Sep 05, 2022	53	50	54	3
Aug 03, 2022	54	55.7	55.3	-1.7
Jul 05, 2022	55.3	50	42.2	5.3
Jun 06, 2022	42.2	45	37.2	-2.8
May 05, 2022	37.2	43.8	43.9	-6.6
Apr 06, 2022	43.9	49	50.1	-5.1
Mar 03, 2022	50.1	50.8	50.1	-0.7
Feb 07, 2022	50.1	50.5	53	-0.4
Jan 06, 2022	53	51.3	51.2	1.7
Dec 03, 2021	51.2	51	51.5	0.2
Nov 03, 2021	51.5	51	51.4	0.5
Oct 08, 2021	51.4	49	47.2	2.4
Sep 03, 2021	47.2	52.9	53.1	-5.7
Aug 04, 2021	53.1	50.4	50.6	2.7
Jul 05, 2021	50.6	53.6	53.8	-3
Jun 03, 2021	53.8	54.3	54.7	-0.5
May 07, 2021	54.7	53.3	53.1	1.4
Apr 06, 2021	53.1	52.8	51.7	0.3
Mar 03, 2021	51.7	51.9	52.2	-0.2
Feb 03, 2021	52.2	55.4	55.8	-3.2
Jan 06, 2021	55.8	56.4	57.5	-0.6
Dec 03, 2020	57.5	55.4	55.7	2.1
Nov 04, 2020	55.7	54	54.5	1.7
Oct 09, 2020	54.5	54	55.1	0.5
Sep 03, 2020	55.1	54	54.5	1.1
Aug 05, 2020	54.5	55	55.7	-0.5
Jul 03, 2020	55.7	52.9	54.5	2.8
Jun 03, 2020	54.5	49.1	47.6	5.4
May 07, 2020	47.6	48.5	46.7	-0.9
Apr 03, 2020	46.7	42.5	27.5	4.2
Mar 04, 2020	27.5	47.2	51.9	-19.7
Feb 05, 2020	51.9	51.1	52.6	0.8
Jan 06, 2020	52.6	52.9	53.2	-0.3
Dec 04, 2019	53.2	51.2	52	2
Nov 05, 2019	52	51.1	51.9	0.9
Oct 08, 2019	51.9	52.7	51.6	-0.8
Sep 04, 2019	51.6	51.1	50.9	0.5
Aug 05, 2019	50.9	50.3	50.6	0.6
Jul 03, 2019	50.6	51.2	51.5	-0.6
Jun 05, 2019	51.5	52.4	52.7	-0.9
May 06, 2019	52.7	52.5	52.9	0.2
Apr 03, 2019	52.9	50	50.7	2.9
Mar 05, 2019	50.7	50.4	50.9	0.3
Feb 03, 2019	50.9	52	52.2	-1.1
Jan 04, 2019	52.2	50	51.9	2.2
Dec 05, 2018	51.9	50.5	50.5	1.4
Nov 05, 2018	50.5	51.9	52.1	-1.4
Oct 08, 2018	52.1	52.5	52	-0.4
Sep 05, 2018	52	52	52.3
Aug 03, 2018	52.3	51	53	1.3
Jul 04, 2018	53	51.7	52.3	1.3
Jun 05, 2018	52.3	52.2	52.3	0.1
May 04, 2018	52.3	50.5	51.8	1.8
Apr 04, 2018	51.8	53.1	53.3	-1.3
Mar 05, 2018	53.3	53.4	53.7	-0.1
Feb 05, 2018	53.7	52.9	53	0.8
Jan 04, 2018	53	51.7	51.6	1.3
Dec 05, 2017	51.6	51	51	0.6
Nov 03, 2017	51	51.4	51.4	-0.4
Oct 09, 2017	51.4	51	52.4	0.4
Sep 05, 2017	52.4	52.6	51.9	-0.2
Aug 03, 2017	51.9	51	51.1	0.9
Jul 05, 2017	51.1	51.3	51.5	-0.2
Jun 05, 2017	51.5	51	51.2	0.5
May 04, 2017	51.2	52.1	52.1	-0.9
Apr 06, 2017	52.1	52.8	52.6	-0.7
Mar 03, 2017	52.6	52	52.2	0.6
Feb 06, 2017	52.2	52.9	53.5	-0.7
Jan 05, 2017	53.5		52.9