Based on a survey of 430 industrial businesses In China, the Caixin Manufacturing PMI Purchasing Managers’ Index evaluates the efficiency of the manufacturing sector. All five indicators were evaluated based on the characteristics: New Orders (30%), Production (25%), Workforce (20%), Provider Delivery Times (15%), and Inventory of Items Purchased (10%), with the Delivery Times index reversed so that it moves in a similar direction to the other four indexes. A value above 50 indicates that the manufacturing sector has increased in comparison to the previous month, a rating below 50 indicates that the manufacturing sector has decreased, and a value of 50 implies that nothing has changed.
A higher than expected figure should be seen as positive (bullish) for the CNY while a lower than expected figure should be seen as negative (bearish) for the CNY.
