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 strongly bearish 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% |
Country: | China |
---|---|
Currency: | CNY |
Source: | IHS Markit |
Category: | Economic Activity |
Frequency: | Monthly |