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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ChinaChina MNI Business Sentiment held to 58.39 in February 2013
FMPMonthlyReleased March 2013
China MNI Business Sentiment held to 58.39 in February 2013, released March 2013.
Latest Release
58.390000
Actual
—
Consensus
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Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/CNY | ▼ Inverse | −0.50 | FOREX | Bullish CNY | → View |
| AUD/USD | ▲ Direct | +0.45 | FOREX | Bullish AUD | → View |
| Copper | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
MNI Business Sentiment (China) was reported at 58.39 in March 2013.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CNY (Bullish CNY). A secondary relationship exists with AUD/USD, positively correlated (Bullish AUD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Loan Prime Rate 5Y (Jun 22) and Loan Prime Rate 1Y (Jun 22).
Auto-generated from current model state · Refreshes on each release · Last update March 2013.
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MNI Business Sentiment - CN
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About MNI Business Sentiment — China
DEFINITION
MNI Business Sentiment is a key financial indicator that measures the overall confidence and outlook of businesses in a particular market or industry. It provides valuable insights into the current and future economic conditions, as well as the level of business activity and investment. This indicator is closely monitored by investors, analysts, and policymakers as it can impact market trends and decision-making. A positive MNI Business Sentiment indicates a strong and optimistic business environment, while a negative sentiment may signal potential challenges and risks.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2013): actual 58.39.
WHAT'S NEXT
This indicator correlates most strongly with USD/CNY (Bullish CNY, r=-0.50) — a useful reference for forex-focused traders.