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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ChinaChina MNI Business Sentiment Indicator climbed to 55.9 in November 2016
FMPMonthlyReleased December 2016
China MNI Business Sentiment Indicator climbed to 55.9 in November 2016, released December 2016, up 2.8 from October's 53.1 reading.
Latest Release
55.900000
Actual
—
Consensus
53.100000
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 Indicator (China) was reported at 55.90 in December 2016. The reading rose from the previous value of 53.10.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 53.73, down from the prior three at 55.20.
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 NBS Non Manufacturing PMI (Jun 30) and NBS Manufacturing PMI (Jun 30).
Auto-generated from current model state · Refreshes on each release · Last update December 2016.
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MNI Business Sentiment Indicator - CN
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About MNI Business Sentiment Indicator — China
DEFINITION
The MNI Business Sentiment Indicator is a highly regarded financial measure that provides insight into the overall confidence and outlook of businesses. It is based on a comprehensive survey of business executives and reflects their opinions on current economic conditions and future prospects. This indicator is widely used by investors, policymakers, and analysts to gauge the health of the business sector and make informed decisions. With its timely and accurate data, the MNI Business Sentiment Indicator is a valuable tool for understanding the state of the economy and predicting future trends.
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 (Dec 2016): actual 55.9. Prior reading (Nov 2016): 53.1. Before that (Oct 2016): 52.2.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/CNY (Bullish CNY, r=-0.50) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - CN Events
| Tuesday, June 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 01:30 | CN | NBS Non Manufacturing PMI | 50.1 | 50.5 | 50.60 | Medium | |
| 01:30 | CN | NBS General PMI | 50.5 | 50.7 | 50.85 | Low | |
| 01:30 | CN | NBS Manufacturing PMI | 50 | 50.3 | 50.45 | High | |
| Wednesday, July 1, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 01:45 | CN | S&P Global Manufacturing PMI | 51.8 | 51.4 | 51.40 | High | |