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What is Caixin Manufacturing PMI data and the importance of the data.Back

Caixin Manufacturing PMI (Purchasing Managers Index) data released by Markit Economics. Which is Released monthly basis, on the first business day after the month ends.
It is 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.
If actual data comes more than Forecast it will be Good for currency (CNY) and base metals.
It is survey of about 430 purchasing managers which asks respondents to rate the relative level of business conditions including employment, new orders, production, prices, inventories and supplier deliveries.

Today data: Caixin Manufacturing PMI: Acutal 48.2 Forecast 48.9

What is Caixin Manufacturing PMI data and the importance of the data.
 
 
 
Posted on: 04-Jan-2016 | Posted by: NIFM | Comment('0')
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