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 52.9 against a forecast of 52.3.
Other recent announcements which may affect the market's interpretation of the next Caixin Services PMI result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Gross Domestic Product (QoQ) | (no change) | 1.1% | 1.1% | ||
| Gross Domestic Product (YoY) | Bearish change | 5.2% | 4.8% | ||
| Industrial Production (YoY) | Bullish change | 5.2% | 6.5% | ||
| Retail Sales (YoY) | Bearish change | 3.4% | 3% | 
| Country: | China | 
|---|---|
| Currency: | CNY | 
| Source: | IHS Markit | 
| Category: | Economic Activity | 
| Frequency: | Monthly |