Description
The China Caixin Non-Manufacturing Purchasing Managers' Index (Caixin NMI) is jointly compiled and published by Caixin Media and IHS Markit. This index is based on a monthly survey of around 650 purchasing managers from state-owned and private non-manufacturing enterprises in China. It measures the health and economic condition of China's non-manufacturing sector. A NMI reading above 50 indicates expansion, while below 50 indicates contraction.
Unlike the Manufacturing PMI, the NMI is not a composite index. Instead, it uses the Business Activity Index from the non-manufacturing survey as its representative measure.
The data is typically released on the first working day of each month, providing insights into the non-manufacturing activities for the month.