China Bulk Commodity Index (BCI) of 11/2022 is -0.36
As issued by China Commodity Data Group (SunSirs), Bulk Commodity Index (BCI) of 11/2022 is -0.36, with average rise of -2.4%. The data shows that China manufacturing economy is shrinking compared to last month.
| Month | 12/2021 | 01/2022 | 02/2022 | 03/2022 | 04/2022 | 05/2022 | 06/2022 | 07/2022 | 08/2022 | 09/2022 | 10/2022 | 11/2022 |
| RN | 34 | 72 | 72 | 75 | 38 | 53 | 27 | 14 | 42 | 61 | 42 | 31 |
| FN | 63 | 26 | 26 | 23 | 58 | 45 | 71 | 85 | 58 | 36 | 57 | 67 |
| BCI | -0.29 | 0.46 | 0.46 | 0.52 | -0.20 | 0.08 | -0.44 | -0.71 | -0.16 | 0.25 | -0.15 | -0.36 |
| Average Change |
-2.05% | 3.4% | 3.19% | 3.92% | -1.09% | 0.41% | -3.89% | -7.1% | -1.27% | 3.27% | -0.87% | -2.4% |
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.
