Breaking News

China Caixin Services Purchasing Managers Index (PMI)

Latest Release

May 06, 2025

Actual

50.7

Forecast

51.7

51.9

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.

Importance:

Country:

Currency: CNY

Source: S&P Global

Release Date	Time	Actual	Forecast	Previous
Jun 05, 2025 (May)	03:45			50.7
May 06, 2025 (Apr)	03:45	50.7	51.7	51.9
Apr 03, 2025 (Mar)	03:45	51.9	51.5	51.4

News

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Investing.com-- Oil prices rose sharply Tuesday, rebounding on bargain hunting from recent four-year lows due to persistent concerns over slowing demand and increasing global production. At 08:35 ET...

Asia FX weakens, dollar steady as tariff uncertainty persists ahead of Fed meeting By Investing.com - May 06, 2025

Investing.com-- Most Asian currencies weakened on Tuesday, while the dollar steadied amid persistent uncertainty over U.S.-China trade talks, with anticipation of this week’s Federal Reserve meeting...

Asia stocks: China climbs on US trade talk hopes; Fed meeting eyed By Investing.com - May 06, 2025

Investing.com-- Most Asian stock markets rose on Tuesday, led by Chinese shares, as optimism over potential U.S.-China trade talks boosted sentiment, while investors also digested fresh services...

Analysis

US Dollar Index Approaches Resistance Zone Ahead of Key Data: How to Trade It By Fawad Razaqzada - Jan 04, 2024

The US dollar is under pressure as the pound, and euro attempt a recovery, raising doubts about its upward trajectory. The dollar's recent easing is due to a minor rebound in risk appetite, a lack...

Commodities Week Ahead: An Oil Rally Will Need China Data, Not Just Supertankers By Barani Krishnan - Feb 27, 2023

Oil longs may have to wait longer for affirmation of Chinese demand pickup China’s NBS Manufacturing PMI, due Wednesday, could be mixed China may face challenges in turbocharging its...

The Stock Market Is Daring The Fed To Taper By Michael Kramer - Sep 03, 2021

This article was written exclusively for Investing.comAfter last week's Jackson Hole meeting, it seems clear that the Fed is very likely to start tapering its asset purchase program later this year....

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