China Bulk Commodity Index (BCI) of 10/2019 is -0.36
As issued by China Commodity Data Group (SunSirs), Bulk Commodity Index (BCI) of 10/2019 is -0.36, with average rise of -2.54%. The data shows that China manufacturing economy is shrinking compared to last month.
| Month | 11/2018 | 12/2018 | 01/2019 | 02/2019 | 03/2019 | 04/2019 | 05/2019 | 06/2019 | 07/2019 | 08/2019 | 09/2019 | 10/2019 |
| RN | 17 | 30 | 45 | 55 | 33 | 35 | 24 | 38 | 48 | 46 | 64 | 29 |
| FN | 81 | 67 | 48 | 37 | 60 | 57 | 73 | 59 | 51 | 51 | 33 | 65 |
| BCI | -0.64 | -0.37 | -0.03 | 0.18 | -0.27 | -0.22 | -0.49 | -0.21 | -0.03 | -0.05 | 0.31 | -0.36 |
| Average Change |
-7.26% | -2.58% | 0.13% | 0.69% | -0.89% | -0.52% | -2.98% | -0.33% | 0.4% | -0.25% | 3.77% | -2.54% |
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.
