China Caixin Services Purchasing Managers Index (PMI)

CNY
Actual
50.4
Forecast
51.2
Previous
50.2
Latest Release
Nov 03, 2023
Importance
Source
Markit
Overview
The Chinese HSBC Services PMI is compiled by questionnaires sent to purchasing executives in over 400 private service sector companies. The panel has been carefully selected to accurately replicate the true structure of the services economy. The HSBC Services PMI Index is developed for providing the most up-to-date possible indication of what is really happening in the private sector economy by tracking variables such as sales, employment, inventories and prices.
A higher than expected reading should be taken as positive/bullish for the CNY , while a lower than expected reading should be taken as negative/bearish for the CNY.
Historical Data
Release Date
Time
Actual
Forecast
Previous
Nov 03, 2023 (Oct) 07:15 50.4 51.2
50.2
Oct 01, 2023 (Sep) 07:15 50.2 52.0
51.8
Sep 05, 2023 (Aug) 07:15 51.8 53.6
54.1
Aug 03, 2023 (Jul) 07:15 54.1 52.5
53.9
Jul 05, 2023 (Jun) 07:15 53.9 56.2
57.1
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