The typical/expected impact on CNY pairs is high.
The consensus forecast for Caixin Services PMI is 52.3. 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 52.6.
Other recent announcements which may affect the market's interpretation of the next Caixin Services PMI result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| NBS Manufacturing PMI | Bearish change | 50.3 | 50 | ||
| NBS Non-Manufacturing PMI | Bullish change | 49.4 | 50.1 | ||
| Industrial Production (YoY) | Bearish change | 5.7% | 4.1% | ||
| Retail Sales (YoY) | Bearish change | 1.7% | 0.2% |
| Country: | China |
|---|---|
| Currency: | CNY |
| Source: | IHS Markit |
| Category: | Economic Activity |
| Frequency: | Monthly |