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 50.4 against a forecast of 53.7.
Recent economic data has been strongly bearish 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 | 27% | 23.9% | ||
| Exports (YoY) CNY | Bearish change | 20.8% | 17.8% | ||
| Imports (YoY) | Bearish change | 36% | 27.5% | ||
| Imports (YoY) CNY | Bearish change | 29.4% | 21.2% | ||
| Trade Balance CNY | Bearish change | 859.05B | 767.07B | ||
| Trade Balance USD | Bearish change | $125.62B | $112.5B | ||
| RatingDog Manufacturing PMI | Bearish change | 51.7 | 50.9 | ||
| NBS Manufacturing PMI | Bearish change | 50.3 | 49.2 | ||
| NBS Non-Manufacturing PMI | Bearish change | 50.2 | 49 |
| Country: | China |
|---|---|
| Currency: | CNY |
| Source: | IHS Markit |
| Category: | Economic Activity |
| Frequency: | Monthly |