The NBS Non-Manufacturing PMI in China is an economic indicator released by the National Bureau of Statistics that measures the performance of the non-manufacturing sector, including services and construction. It is significant because it provides insights into the health of China's broader economy beyond manufacturing, influencing economic policy and investor sentiment. A reading above 50 indicates expansion, while below 50 suggests contraction, impacting financial markets by affecting currency, stock, and bond markets based on economic growth expectations.
The NBS Non-Manufacturing PMI in China is an economic indicator released by the National Bureau of Statistics that measures the performance of the non-manufacturing sector, including services and construction. It is significant because it provides insights into the health of China's broader econo...