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China Caixin Services Purchasing Managers Index (PMI)

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China Caixin Services Purchasing Managers Index (PMI)

Frequency

Delivery Method

Website popup

Mobile App notifications

Status

 
Latest Release
Jan 04, 2019
Actual
53.9
Forecast
52.9
Previous
53.8
The Chinese HSBC Services PMI is compiled by questionnaires sent to purchasing executives in over 400 private service sector companies. The panel has been carefully selected to accurately replicate the true structure of the services economy. The HSBC Services PMI Index is developed for providing the most up-to-date possible indication of what is really happening in the private sector economy by tracking variables such as sales, employment, inventories and prices.
A higher than expected reading should be taken as positive/bullish for the CNY , while a lower than expected reading should be taken as negative/bearish for the CNY.
Importance:
Country:
Currency: CNY
Source: Markit
China Caixin Services Purchasing Managers Index (PMI)
 
Release Date Time Actual Forecast Previous
Feb 10, 2019 (Jan) 20:45     53.9
Jan 03, 2019 (Dec) 20:45 53.9 52.9 53.8
Dec 04, 2018 (Nov) 20:45 53.8 50.7 50.8
Nov 04, 2018 (Oct) 20:45 50.8 52.9 53.1
Oct 07, 2018 (Sep) 20:45 53.1 51.4 51.5
Sep 04, 2018 (Aug) 20:45 51.5 52.7 52.8

News

Asian Markets Slide Following Sharp Decline on Wall Street
Asian Markets Slide Following Sharp Decline on Wall Street By Investing.com - Jan 03, 2019

Investing.com - Asian markets extended their losses in morning trade on Friday after U.S. stocks closed sharply lower overnight. Apple-related stocks continued to fall after the technology giant cut...

Analysis

Bill Witherell
China’s Slowdown And Financial Markets By Bill Witherell - Jan 11, 2019

The Shanghai Stock Exchange was the worst-performing major stock market in 2018, with the benchmark Shanghai Composite index falling 25% over the course of the year. Concerns about a slowing economy...

Marc Chandler
U.S. Jobs Data Hold Recession Fears At Bay By Marc Chandler - Jan 04, 2019

The pessimists were dealt a blow with a US employment report that blew away expectations. The US private sector created 301k jobs and average hourly pay rose 0.4% for a 3.2% year-over-year pace....

Caixin Services PMI Discussion

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