Higher numbers than forecast tend to be bullish for CNY/xxx pairs and bearish for xxx/CNY pairs.
The typical/expected impact on CNY pairs is high.
There is no forecast value for Caixin Services PMI yet - check back for updates.
The most recent announced value for Caixin Services PMI was 52 against a forecast of 50.5.
Recent economic data has been strongly bullish for CNY. Other recent announcements which may affect the market's interpretation of the next Caixin Services PMI result:
Previous | Latest | ||||
---|---|---|---|---|---|
Exports (YoY) | Bullish change | 2.4% | 12.7% | ||
Exports (YoY) CNY | Bullish change | 1.6% | 11.2% | ||
Imports (YoY) | Bearish change | 0.3% | -2.3% | ||
Imports (YoY) CNY | Bearish change | 0.7% | -3.7% | ||
Trade Balance CNY | Bullish change | 582.62B | 679.1B | ||
Trade Balance USD | Bullish change | $81.71B | $95.27B | ||
Caixin Manufacturing PMI | Bullish change | 49.3 | 50.3 | ||
NBS Manufacturing PMI | Bullish change | 49.8 | 50.1 | ||
NBS Non-Manufacturing PMI | Bullish change | 50 | 50.2 |
Country: | China |
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Currency: | CNY |
Source: | IHS Markit |
Category: | Economic Activity |
Frequency: | Monthly |