Business sentiment for China aggregates firms' qualitative views on current business conditions, future orders, and the broader economic climate. It is closely related to business confidence surveys.
Why FX traders watch it
Sentiment surveys are timely, often released before official activity statistics, and can move markets in the week ahead of harder data. The People's Bank of China treats deteriorating business sentiment as a risk to its growth projections.
How to interpret the data
Improving sentiment is cny-positive as it signals firms plan to invest and hire. A sharp deterioration in sentiment typically foreshadows weaker activity data and can shift rate expectations toward easing.
Historical Business Sentiment (CNY)
Source: NBS/PBoC
· Monthly
· Index
Chart data not available. Access the full historical series via the API endpoint above.