Lower numbers than forecast tend to be bullish for xxx/CNY pairs and bearish for CNY/xxx 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 51.5 against a forecast of 52.5.
Recent economic data has been broadly neutral for CNY. Other recent announcements which may affect the market's interpretation of the next Caixin Services PMI result:
Previous | Latest | ||||
---|---|---|---|---|---|
Exports (YoY) | Bearish change | 12.7% | 6.7% | ||
Exports (YoY) CNY | Bearish change | 11.2% | 1.5% | ||
Imports (YoY) | Bearish change | -2.3% | -3.9% | ||
Imports (YoY) CNY | Bullish change | -3.7% | 1.2% | ||
Trade Balance CNY | Bullish change | 679.1B | 692.8B | ||
Trade Balance USD | Bullish change | $95.27B | $97.44B | ||
Consumer Price Index (MoM) | Bearish change | -0.3% | -0.6% | ||
Consumer Price Index (YoY) | Bearish change | 0.3% | 0.2% | ||
Producer Price Index (YoY) | Bullish change | -2.9% | -2.5% | ||
Caixin Manufacturing PMI | Bullish change | 50.3 | 51.5 | ||
NBS Manufacturing PMI | Bullish change | 50.1 | 50.3 | ||
NBS Non-Manufacturing PMI | Bearish change | 50.2 | 50 |
Country: | China |
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Currency: | CNY |
Source: | IHS Markit |
Category: | Economic Activity |
Frequency: | Monthly |