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TRChina Bulk Commodity Index (BCI) of 9/2017 is 0.25
As issued by China Commodity Data Group (SunSirs), Bulk Commodity Index (BCI) of 09/2017 is 0.25, with average rise of 2.44%. The data shows that China manufacturing economy is expanding compared to last month.
| Month | 10/2016 | 11/2016 | 12/2016 | 01/2017 | 02/2017 | 03/2017 | 04/2017 | 05/2017 | 06/2017 | 07/2017 | 08/2017 | 09/2017 |
| RN | 76 | 84 | 73 | 57 | 65 | 25 | 31 | 38 | 44 | 68 | 74 | 62 |
| FN | 20 | 14 | 25 | 40 | 32 | 72 | 67 | 57 | 52 | 29 | 26 | 37 |
| BCI | 0.57 | 0.71 | 0.49 | 0.17 | 0.33 | -0.47 | -0.36 | -0.19 | -0.08 | 0.39 | 0.48 | 0.25 |
| Average Change |
3.83% | 6.78% | 5.39% | 1.87% | 2.14% | -4.35% | -2.22% | -1.01% | 0.07% | 2.47% | 3.63% | 2.44% |
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.