Higher numbers than forecast tend to be bullish for CNY/xxx pairs and bearish for xxx/CNY pairs.
The most recent announced value for Caixin Services PMI was 54.4 against a forecast of 52.3.
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 | ||||
|---|---|---|---|---|---|
| Consumer Price Index (MoM) | Bearish change | 0.3% | -0.1% | ||
| Consumer Price Index (YoY) | (no change) | 1.2% | 1.2% | ||
| Producer Price Index (YoY) | Bullish change | 2.8% | 3.9% | ||
| Exports (YoY) | Bullish change | 14.1% | 19.4% | ||
| Exports (YoY) CNY | Bullish change | 9.8% | 13.8% | ||
| Imports (YoY) | Bullish change | 25.3% | 27.4% | ||
| Imports (YoY) CNY | Bullish change | 20.6% | 21.5% | ||
| Trade Balance CNY | Bullish change | 585.69B | 723.98B | ||
| Trade Balance USD | Bullish change | $84.82B | $105.43B |
| Country: | China |
|---|---|
| Currency: | CNY |
| Source: | IHS Markit |
| Category: | Economic Activity |
| Frequency: | Monthly |