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 52.6. 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 52.9 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 | ||||
|---|---|---|---|---|---|
| NBS Manufacturing PMI | Bearish change | 49.8 | 49 | ||
| NBS Non-Manufacturing PMI | Bullish change | 50 | 50.1 |
| Country: | China |
|---|---|
| Currency: | CNY |
| Source: | IHS Markit |
| Category: | Economic Activity |
| Frequency: | Monthly |