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.
The consensus forecast for Caixin Services PMI is 53.7. A higher value than forecast tends to be bullish for CNY/xxx pairs and bearish for xxx/CNY pairs.
The most recent announced value for Caixin Services PMI was 56.7 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 | ||||
|---|---|---|---|---|---|
| RatingDog Manufacturing PMI | Bearish change | 52.1 | 50.8 | ||
| NBS Manufacturing PMI | Bullish change | 49 | 50.4 | ||
| NBS Non-Manufacturing PMI | Bullish change | 49.5 | 50.1 |
| Country: | China |
|---|---|
| Currency: | CNY |
| Source: | IHS Markit |
| Category: | Economic Activity |
| Frequency: | Monthly |