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TRChina Bulk Commodity Index (BCI) of 7/2019 is -0.03
As issued by China Commodity Data Group (SunSirs), Bulk Commodity Index (BCI) of 07/2019 is -0.03, with average rise of 0.4%. The data shows that China manufacturing economy remains steady compared to last month.
| Month | 08/2018 | 09/2018 | 10/2018 | 11/2018 | 12/2018 | 01/2019 | 02/2019 | 03/2019 | 04/2019 | 05/2019 | 06/2019 | 07/2019 |
| RN | 73 | 61 | 39 | 17 | 30 | 45 | 55 | 33 | 35 | 24 | 38 | 48 |
| FN | 26 | 39 | 60 | 81 | 67 | 48 | 37 | 60 | 57 | 73 | 59 | 51 |
| BCI | 0.47 | 0.22 | -0.21 | -0.64 | -0.37 | -0.03 | 0.18 | -0.27 | -0.22 | -0.49 | -0.21 | -0.03 |
| Average Change |
3.93% | 1.56% | -0.42% | -7.26% | -2.58% | 0.13% | 0.69% | -0.89% | -0.52% | -2.98% | -0.33% | 0.4% |
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.