The index measures the level of monthly activity of purchasing managers in the manufacturing sector. It is compiled by China Federation of Logistics and Purchases (CFLP) and China Logistics Information Center (CLIC), based on data from the National Bureau of Statistics (NBS). The Li and Fung Research Center is responsible for the preparation and distribution of the PMI report in English. Indicators higher than expected strengthen CNY, while indicators lower than expected put pressure on the national currency. The index is expected to remain unchanged at the level of 49.5.