PMI Manufacturing Index and Non-Manufacturing Chinese version of China Federation of Logistics and Purchasing (CFLP) in July 2016 (High-impact on the AUD and NZD)
Index Manufacturing and Non-Manufacturing PMI version of China Federation of Logistics and Purchasing (CFLP) released every month and its impact is almost the same as that released Markit index (HSBC). Figures released above 50.0 indicates expansion of the manufacturing sector or the service sector, and the release of the numbers below 50.0 indicates contraction.
Last June Manufacturing PMI index stood at 50.0, in line with forecasts and the lowest since March 2016 due to the drop in New Orders index, raw materials inventory, employment and exports. As for the Non-Manufacturing PMI index in June 2016 stood at 53.7, the highest in the last 3 months.
For the month of July 2016 China Manufacturing PMI index is expected to be stood at 50.1. Results released higher than expected will have a positive impact on currencies AUD, CAD and NZD. For Non-Manufacturing PMI index analysts do not give estimates, and if the result of the release is higher than the previous month (53.7), it will have a positive impact on currencies AUD, CAD and NZD.
Hours 8:15 pm: FOMC member William Dudley speech in Bali, Indonesia (medium-high Impact in USD)
President of the Federal Reserve Bank of New York also FOMC member William Dudley is scheduled to speak at the joint seminar between the Fed and the Bank of Indonesia (Bank Indonesia) in Bali.
Hours 8:45 pm: China's PMI Manufacturing index Caixin version (Markit) in July 2016 (medium-high Impact on AUD and NZD)
Markit Manufacturing PMI index version or called by Caixin indexes are estimates of the PMI index is based on survey of 430 purchasing managers across China regarding economic conditions and the current business until it was shown the future economic outlook. Parameter surveyed is the production, new orders, prices, delivery, inventory and labor. This index is often considered a leading indicator. Figures released above 50.0 indicates the manufacturing sector activity is high, and the release of the numbers below 50.0 indicates contraction.
Since March 2015 the index Caixin China Manufacturing PMI figure is below 50.0. Month of June 2016 stood at 48.6, lower than the forecast 49.1, and the lowest since last March New Orders index for declining due to low demand. For the month of July 2016 is expected Manufacturing PMI index will be on the number 48.8. Results released higher than expected will likely cause the AUD and NZD strengthened.
15:30 pm: UK PMI Manufacturing index in July 2016 (Final) (High-impact on GBP)
The index number is created and released by Markit every month. PMI (Purchasing Managers' Index) for the manufacturing sector is based on five main indicators are: production, product availability (inventory), the activity of delivery (delivery), the number of orders (orders) and the amount of labor.
In Britain this index is made based on the results of a survey of 600 purchasing managers regarding the economic situation and current business until it was shown the future economic outlook. Therefore, these indicators are important to investors and businesses and are often considered a leading indicator. Figures released above 50.0 indicates the manufacturing sector activity is high, and the release of the numbers below 50.0 indicates contraction. Starting in July 2016 the UK Manufacturing PMI index released 2 times the initial data and final data.
From the preliminary data released on 22 July suggests PMI Manufacturing index is below the 50.0 figure is 49.1, better than expected 47.8 but the lowest since March 2013. In June New Orders index and output contraction despite rising exports due to Pound Sterling weakened sharply. For the final data in July 2016 estimated the index number will remain 50.0. Results released higher than expected will likely cause the GBP strengthened.
21:00 pm: Manufacturing PMI US ISM index in July 2016 (High-impact on the USD)
This index is the same as that released by the Markit's Manufacturing PMI, only data sourced and released by the Institute for Supply Management (ISM) which are specially made for the US. In the US this indicator is usually more of an impact from being released Markit.
Created based on a survey of 400 purchasing managers in the US about the current business conditions including production output, product availability, shipping activity, the number of orders and the number of workers. Figures released above 50.0 indicates expansion in the manufacturing sector and figures below 50.0 indicates contraction. In practice this index is considered accurate enough to predict the output of the manufacturing sector in the US.
Last June, the US ISM Manufacturing index stood at 53.2, higher than the 51.3 forecast and the highest since February 2015. In June New Orders Index rose from 55.7% in May to 57.0%, the production index rose from 52.6% to 54.7 %, goods inventory index rose from 45.0% to 48.5% and the employment index rose from 49.2% to 50.4%.
For the month of July 2016 is expected ISM Manufacturing PMI index will be on the number 53.1. Results released higher than expected will likely cause the USD to strengthen.
Post a Comment Blogger Facebook