China Macro Dashboard

Monthly CPI, PMI, quarterly GDP and monthly LPR time series with YoY and MoM. Data via Eastmoney and National Bureau of Statistics.

Four essential macro indicators at a glance Monthly CPI, PMI, quarterly GDP and monthly LPR time series with YoY and MoM. Data via Eastmoney and National Bureau of Statistics. For information only.

About CPI, PMI, GDP, LPR

Why these four matter

Financial markets price every asset as a discount on the future macro environment. Understanding these four is enough to build an intuition on rates, inflation and growth.

CPI (Consumer Price Index)

  • YoY (%) reflects inflation vs a year ago. CPI > 3% is usually considered elevated; CPI < 0 signals deflation.
  • MoM (%) reflects month-over-month change.
  • Core CPI (ex food and energy) tracks the trend better.

PMI (Purchasing Managers Index)

  • Published monthly by NBS. 50% is the boom-bust line.
  • > 50: manufacturing expanding. < 50: contracting.
  • Sub-indices: manufacturing PMI, services PMI, composite PMI.

GDP

  • YoY (%) shows nominal or real growth; this tool shows YoY.
  • Released quarterly with a 2-3 month lag.

LPR (Loan Prime Rate)

  • Published on the 20th of each month by the PBoC-authorized NIFC.
  • 1Y LPR: short-term loan and consumer credit.
  • 5Y+ LPR: mortgages and corporate long-term loans — the key mortgage signal.
  • The PBoC steers the LPR via the MLF rate to control real-economy funding cost.

Data notes

Data from Eastmoney and NBS public interfaces; series follow official raw disclosure, not seasonally adjusted.

FAQ

Why is some month's CPI 0?
Eastmoney does not return values for some historical months. This tool does not interpolate — please consult the statistical yearbook or NBS for full data.
Which is more important: PMI or CPI?
Different lenses — PMI tracks production/new orders, CPI tracks consumer prices. CPI matters more for rate-sensitive assets; PMI matters more for cyclicals.
What does an LPR cut signal?
Usually two signals: lower real-economy funding cost and weaker near-term growth outlook. Bond-friendly and equity-friendly, especially for high-leverage sectors.
How long is the GDP lag?
A-share quarterly filings: end of Apr for Q1, end of Jul for H1, end of Oct for Q3, Jan of next year for full-year preliminary.