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China Caixin Services Purchasing Managers Index (PMI)

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China Caixin Services Purchasing Managers Index (PMI)

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Status

 
Latest Release
May 05, 2022
Actual
36.2
Previous
42.0
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
Jun 05, 2022 (May) 21:45     36.2
May 04, 2022 (Apr) 21:45 36.2   42.0
Apr 05, 2022 (Mar) 21:45 42.0   50.2
Mar 02, 2022 (Feb) 21:45 50.2 50.9 51.4
Feb 06, 2022 (Jan) 21:45 51.4   53.1
Jan 05, 2022 (Dec) 21:45 53.1   52.1

News

Crude Oil Higher; Proposed EU Embargo Adds to Supply Worries
Crude Oil Higher; Proposed EU Embargo Adds to Supply Worries By Investing.com - May 05, 2022

By Peter Nurse    Investing.com -- Oil prices traded higher Thursday, continuing the previous session’s positive tone after the European Union laid out plans to end the import of Russian crude and...

Analysis

Jeffrey Halley
PMI Shocker From China By Jeffrey Halley - May 05, 2022 1

The extent of the impact of China’s Covid-zero policies on the domestic economy was highlighted this morning as the Caixin Services PMI for April recorded its second-largest fall on record....

Marc Chandler
Fed Day By Marc Chandler - May 04, 2022 1

The markets are mostly treading water ahead of the FOMC decision later today. Tech stocks tumbled in Hong Kong and the Hang Seng fell a little more than 1%, while India was the worst performer in the...

Caixin Services PMI Discussion

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