What is it? It checks the level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.
It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.
Usual Effect: If the number is higher than the forecast, you can expect the CNY to rise.
When? October 23rd at 3:00am Eastern Time.
Trading Tip: This announcement can greatly affect the EUR, make sure to make your trades before.
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