Lower numbers than forecast tend to be bullish for xxx/CNY pairs and bearish for CNY/xxx pairs.
The most recent announced value for Caixin Services PMI was 52.1 against a forecast of 53.7.
Other recent announcements which may affect the market's interpretation of the next Caixin Services PMI result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Gross Domestic Product (QoQ) | Bullish change | 1.2% | 1.3% | ||
| Gross Domestic Product (YoY) | Bullish change | 4.5% | 5% | ||
| Industrial Production (YoY) | Bearish change | 6.3% | 5.7% | ||
| Retail Sales (YoY) | Bearish change | 2.8% | 1.7% |
| Country: | China |
|---|---|
| Currency: | CNY |
| Source: | IHS Markit |
| Category: | Economic Activity |
| Frequency: | Monthly |