Caixin Manufacturing PMI

What is this event?

It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy.

Measures

Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.

Effect on Currency

‘Actual’ greater than ‘Forecast’ is good for currency.

Frequency of event

Released monthly, usually on the first business day after the month ends.

Source of Data

Markit (latest release)