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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

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Status

 
Latest Release
Sep 05, 2022
Actual
55.0
Forecast
54.0
Previous
55.5
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
Oct 07, 2022 (Sep) 21:45     55.0
Sep 04, 2022 (Aug) 21:45 55.0 54.0 55.5
Aug 02, 2022 (Jul) 21:45 55.5   54.5
Jul 04, 2022 (Jun) 21:45 54.5 49.7 41.4
Jun 05, 2022 (May) 21:45 41.4   36.2
May 04, 2022 (Apr) 21:45 36.2   42.0

News

China CPI Slows in August, Factory Inflation at 19-Mth Low
China CPI Slows in August, Factory Inflation at 19-Mth Low By Investing.com - Sep 08, 2022 3

By Ambar Warrick Investing.com-- Chinese consumer and producer price inflation fell in August, data showed on Friday, as a new round of COVID-19 restrictions and a power shortage further weighed on...

Chinese Yuan Hits 2-Yr Low on Renewed COVID Fears
Chinese Yuan Hits 2-Yr Low on Renewed COVID Fears By Investing.com - Sep 05, 2022

By Ambar Warrick  Investing.com-- The Chinese yuan sank to a two-year low on Monday after the country introduced new COVID-19 restrictions in Chengdu, while mixed service sector activity and broader...

Analysis

Craig Erlam
Next Up, Jobs By Craig Erlam - Jul 31, 2022

Last week was action-packed and it’s not likely to ease up with attention now shifting from the Fed and the “technical recession” in the US to the labour market. Various officials...

Jeffrey Halley
Knot-Tying Masterclass Continues By Jeffrey Halley - Jul 05, 2022 1

I certainly haven’t missed much in my short absence. Yes, volatility remains elevated across every asset class to be sure, although a US holiday yesterday meant a 12-hour break from the noise....

Caixin Services PMI Discussion

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