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TRChina Bulk Commodity Index (BCI) of 7/2018 is 0.12
As issued by China Commodity Data Group (SunSirs), Bulk Commodity Index (BCI) of 07/2018 is 0.12, with average rise of 0.59%. The data shows that China manufacturing economy is expanding compared to last month.
| Month | 08/2017 | 09/2017 | 10/2017 | 11/2017 | 12/2017 | 01/2018 | 02/2018 | 03/2018 | 04/2018 | 05/2018 | 06/2018 | 07/2018 |
| RN | 74 | 62 | 62 | 59 | 54 | 48 | 54 | 28 | 63 | 60 | 34 | 54 |
| FN | 26 | 37 | 36 | 39 | 44 | 50 | 41 | 68 | 35 | 37 | 65 | 42 |
| BCI | 0.48 | 0.25 | 0.26 | 0.20 | 0.10 | -0.02 | 0.13 | -0.40 | 0.28 | 0.23 | -0.31 | 0.12 |
| Average Change |
3.63% | 2.44% | 1.57% | 2.36% | 1.71% | -0.53% | -0.05% | -1.85% | 1.62% | 1.42% | -1.85% | 0.59% |
Bulk Commodity Index(BCI) is the monthly index to monitor China macro-economy. Its mechanism is as follows:
1. Select 100 commodities which covers Oil, Energy, Petrochemicals, Textiles, Metals, Non-ferrous and mostly represent the above 8 industries
2. Count the rising number(RN) and the falling number (FN)
3. Calculate the value of BCI by the formular of
BCI=(RN-FN)/100
Based on the above mechanism, the BCI can show 3 points:
1. BCI>0 indicates that China manufacturing industry economy is expanding;
2. BCI=0 indicates that China manufacturing industry economy remains steady.
3. BCI<0 indicates that China manufacturing industry economy is shrinking.