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 53 against a forecast of 52.5.
Recent economic data has been moderately 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 | 0.4% | 0% | ||
Consumer Price Index (YoY) | Bearish change | 0% | -0.4% | ||
Producer Price Index (YoY) | Bullish change | -3.6% | -2.9% | ||
Exports (YoY) | Bearish change | 7.2% | 4.4% | ||
Exports (YoY) CNY | Bearish change | 8% | 4.8% | ||
Imports (YoY) | Bearish change | 4.1% | 1.3% | ||
Imports (YoY) CNY | Bearish change | 4.8% | 1.7% | ||
Trade Balance CNY | Bullish change | 705.1B | 732.7B | ||
Trade Balance USD | Bullish change | $98.24B | $102.33B | ||
Caixin Manufacturing PMI | Bullish change | 49.5 | 50.5 | ||
NBS Manufacturing PMI | Bullish change | 49.3 | 49.4 | ||
NBS Non-Manufacturing PMI | Bullish change | 50.1 | 50.3 |
Country: | China |
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Currency: | CNY |
Source: | IHS Markit |
Category: | Economic Activity |
Frequency: | Monthly |