Breaking News

China Caixin Services Purchasing Managers Index (PMI)

Latest Release

Dec 04, 2024

Actual

51.5

Forecast

52.5

52.0

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
Dec 04, 2024 (Nov)	02:45	51.5	52.5	52.0
Nov 05, 2024 (Oct)	02:45	52.0	50.5	50.3
Sep 30, 2024 (Sep)	02:45	50.3	51.6	51.6
Sep 04, 2024 (Aug)	02:45	51.6	51.9	52.1
Aug 05, 2024 (Jul)	02:45	52.1	51.4	51.2
Jul 03, 2024 (Jun)	02:45	51.2	53.4	54.0

News

China services activity grows less than expected in Nov- Caixin PMI By Investing.com - Dec 04, 2024

Investing.com-- China’s services sector grew less than expected in November, private purchasing managers index data showed on Wednesday, as recent stimulus measures offered only limited support...

Gold prices retreat from record highs; recession fears provide support By Investing.com - Aug 05, 2024

Investing.com-- Gold prices retreated slightly Monday, but were still trading in sight of record highs as the yellow metal benefited from increased safe haven demand amid heightened concerns over...

Asia FX muted as dollar dips on recession fears; yen surges to near 7-mth high By Investing.com - Aug 05, 2024

Investing.com-- Most Asian currencies moved in a tight range on Monday, taking little advantage of a softer dollar amid growing concerns over a slowdown in U.S. economic growth. The Japanese yen was...

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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