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.
There is no forecast value for Caixin Services PMI yet - check back for updates.
The most recent announced value for Caixin Services PMI was 52 against a forecast of 50.5.
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 | ||||
---|---|---|---|---|---|
Industrial Production (YoY) | Bearish change | 5.4% | 5.3% | ||
Retail Sales (YoY) | Bullish change | 3.2% | 4.8% | ||
Consumer Price Index (MoM) | Bearish change | 0% | -0.3% | ||
Consumer Price Index (YoY) | Bearish change | 0.4% | 0.3% | ||
Producer Price Index (YoY) | Bearish change | -2.8% | -2.9% | ||
Exports (YoY) | Bullish change | 2.4% | 12.7% | ||
Exports (YoY) CNY | Bullish change | 1.6% | 11.2% | ||
Imports (YoY) | Bearish change | 0.3% | -2.3% | ||
Imports (YoY) CNY | Bearish change | 0.7% | -3.7% | ||
Trade Balance CNY | Bullish change | 582.62B | 679.1B | ||
Trade Balance USD | Bullish change | $81.71B | $95.27B |
Country: | China |
---|---|
Currency: | CNY |
Source: | IHS Markit |
Category: | Economic Activity |
Frequency: | Monthly |