UK
DE
JP
KR
RU
ES
FR
PT
SA
TRChina Bulk Commodity Index (BCI) of 11/2018 is -0.64
As issued by China Commodity Data Group (SunSirs), Bulk Commodity Index (BCI) of 11/2018 is -0.64, with average rise of -7.26%. The data shows that China manufacturing economy is shrinking compared to last month.
| Month | 12/2017 | 01/2018 | 02/2018 | 03/2018 | 04/2018 | 05/2018 | 06/2018 | 07/2018 | 08/2018 | 09/2018 | 10/2018 | 11/2018 |
| RN | 54 | 48 | 54 | 28 | 63 | 60 | 34 | 54 | 73 | 61 | 39 | 17 |
| FN | 44 | 50 | 41 | 68 | 35 | 37 | 65 | 42 | 26 | 39 | 60 | 81 |
| BCI | 0.10 | -0.02 | 0.13 | -0.40 | 0.28 | 0.23 | -0.31 | 0.12 | 0.47 | 0.22 | -0.21 | -0.64 |
| Average Change |
1.71% | -0.53% | -0.05% | -1.85% | 1.62% | 1.42% | -1.85% | 0.59% | 3.93% | 1.56% | -0.42% | -7.26% |
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.