The business confidence index for China surveys firms on current trading conditions and outlook, covering hiring plans, capital expenditure, and order books. It is a leading indicator of investment and employment.
Why FX traders watch it
Business investment drives productivity and potential output. Confidence surveys lead actual capital spending by several months, giving an early read on whether the China economy is likely to accelerate or slow.
How to interpret the data
Above-consensus business confidence is cny-supportive as it implies planned investment and hiring that will sustain growth. Deteriorating confidence raises the prospect of a capex and hiring pullback, which is dovish.
Historical Business Confidence (CNY)
Source: NBS/PBoC
· Monthly
· Index
Chart data not available. Access the full historical series via the API endpoint above.
Optional upper bound. Defaults to the current date.
api_key
CONDITIONAL
string
Required for non-USD announcement requests. USD announcement requests are public without an API key.
Example Usage
To retrieve Business Confidence data for CNY from 2023:
GET https://fxmacrodata.com/api/v1/announcements/cny/business_confidence?start_date=2023-01-01&end_date=2023-12-31&api_key=YOUR_API_KEY
Frequently Asked Questions
How often is China Business Confidence updated?
Business Confidence for China is released on a monthly schedule by People's Bank of China (or the relevant national statistics agency). FXMacroData ingests each new value within seconds of the official publication and exposes the exact announcement timestamp on every record.
What unit is Business Confidence reported in?
The series is published in Index. The exact unit is also returned on every API response under the indicator metadata.
Where does FXMacroData source China Business Confidence data?
Data is fetched directly from People's Bank of China or the official national statistics publication for China. The source URL is preserved on every announcement record so downstream consumers can trace the value back to its primary release.
How do I query Business Confidence for China via the API?
Issue a GET request to /api/v1/announcements/cny/business_confidence?api_key=YOUR_API_KEY. The response contains a chronological list of observations with values, release dates, and announcement timestamps. USD announcement data is public; other currencies require a Professional API key.