{"id":223347,"date":"2025-05-02T14:59:08","date_gmt":"2025-05-02T18:59:08","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?post_type=glossary-terms&#038;p=223347"},"modified":"2025-05-02T14:59:10","modified_gmt":"2025-05-02T18:59:10","slug":"nbs-manufacturing-purchasing-managers-index-pmi","status":"publish","type":"glossary-terms","link":"https:\/\/www.interactivebrokers.com\/campus\/glossary-terms\/nbs-manufacturing-purchasing-managers-index-pmi\/","title":{"rendered":"NBS Manufacturing Purchasing Managers\u2019 Index (PMI)\u00a0"},"content":{"rendered":"\n<p>The NBS Manufacturing Purchasing Managers\u2019 Index (PMI) is an important leading economic indicator published by the National Bureau of Statistics (NBS) of China. It reflects the health and performance of the manufacturing sector, based on monthly surveys of purchasing managers in large and state-owned industrial enterprises across China.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Index Scale: The PMI is measured on a scale from 0 to 100.\n<ul class=\"wp-block-list\">\n<li>A reading above 50 indicates expansion in manufacturing activity.<\/li>\n\n\n\n<li>A reading below 50 signals contraction.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Survey Components: It includes various sub-indices such as:\n<ul class=\"wp-block-list\">\n<li>New orders<\/li>\n\n\n\n<li>Output<\/li>\n\n\n\n<li>Employment<\/li>\n\n\n\n<li>Supplier delivery times<\/li>\n\n\n\n<li>Raw material inventories<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Timing: Released at the beginning of each month, making it one of the earliest data points available for assessing the state of the Chinese economy.<\/li>\n<\/ul>\n\n\n\n<p>The NBS Manufacturing PMI is closely watched globally because China is the world\u2019s second-largest economy and a major driver of global manufacturing. Movements in the index can signal shifts in economic momentum, influence commodity markets, and shape expectations around trade, inflation, and central bank policy.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The NBS Manufacturing Purchasing Managers\u2019 Index (PMI) is an important leading economic indicator published by the National Bureau of Statistics (NBS) of China. <\/p>\n","protected":false},"featured_media":0,"parent":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"traders-glossary":[13278,13267,13251],"class_list":{"0":"post-223347","1":"glossary-terms","2":"type-glossary-terms","3":"status-publish","5":"traders-glossary-ibkr-traders-glossary","6":"traders-glossary-trading-terms-n","7":"traders-glossary-trading-alphabet"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - 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