China Bulk Commodity Index (BCI) of 3/2024 is -0.14
As issued by China Commodity Data Group (SunSirs), Bulk Commodity Index (BCI) of 03/2024 is -0.14, with average rise of -0.96%. The data shows that China manufacturing economy is shrinking compared to last month.
| Month | 04/2023 | 05/2023 | 06/2023 | 07/2023 | 08/2023 | 09/2023 | 10/2023 | 11/2023 | 12/2023 | 01/2024 | 02/2024 | 03/2024 |
| RN | 34 | 15 | 38 | 77 | 75 | 69 | 22 | 37 | 46 | 46 | 53 | 42 |
| FN | 64 | 84 | 60 | 22 | 21 | 29 | 75 | 61 | 49 | 52 | 44 | 56 |
| BCI | -0.30 | -0.69 | -0.22 | 0.55 | 0.54 | 0.40 | -0.53 | -0.24 | -0.03 | -0.06 | 0.09 | -0.14 |
| Average Change |
-2.02% | -5.12% | -1.38% | 3.69% | 4.99% | 2.99% | -3.83% | -0.97% | -0.1% | -1.23% | 0.42% | -0.96% |
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.
