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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ChinaChina S&P Global Composite PMI climbed to 49.5 Points in August 2026
FMPMonthlyReleased August 2026
China S&P Global Composite PMI climbed to 49.5 Points in August 2026, up 0.2 Points from July's 49.3 Points reading.
Latest Release
49.500000
Actual
—
Consensus
49.300000
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 | Co-movement | Action |
|---|---|---|---|---|---|
| USD/CNY | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| AUD/USD | ▲ Direct | +0.45 | FOREX | Moves with | → View |
| Copper | ▲ Direct | +0.40 | COMMODITIES | Moves with | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Moves with | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global Composite PMI (China) was reported at 49.50 Points in August 2026. The reading rose from the previous value of 49.30 Points. This is classified as a medium-impact indicator released on a monthly basis.
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 Imports YoY (Sep 8) and Balance of Trade (Sep 8).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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S&P Global Composite PMI - CN
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About S&P Global Composite PMI — China
DEFINITION
The S&P Global Composite PMI is a widely recognized financial indicator that measures the overall economic health of a country by combining the manufacturing and services sectors. It provides valuable insights into the current state of the economy, as well as future trends, and is used by investors, policymakers, and businesses to make informed decisions. With its comprehensive and timely data, the S&P Global Composite PMI is a crucial tool for understanding the performance of the global economy.
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. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual 49.5 Points. Prior reading (Jul 2026): 49.3 Points. Before that (May 2026): 50.5 Points.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind 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
| Monday, September 7, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | CN | Foreign Exchange Reserves | 3.419 | 3.43 | 3.44 | Low | |
| Tuesday, September 8, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 03:00 | CN | Balance of Trade | 112.5 | 120.1 | 126.77 | High | |
| 03:00 | CN | Balance of Trade Yuan | 767.07 | 795 | 838.49 | Low | |
| Wednesday, September 9, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 01:30 | CN | Inflation Rate YoY | 0.5 | 0.9 | 0.85 | High | |
| 01:30 | CN | Inflation Rate MoM | -0.1 | 0.2 | 0.25 | Medium | |
| 01:30 | CN | Producer Price Index YoY | 3.5 | 3.6 | 3.60 | Medium | |