Caixin China Services Purchasing Managers Index (PMI)

Country:
China
CNY, Chinese yuan
Source:
Sector:
Business
Medium 51.2 53.5
54.0
Last release Importance Actual Forecast
Previous
51.4
51.2
Next release Actual Forecast
Previous
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Caixin Service Purchasing Managers Index (PMI) provides an overview of China's service sector state. The index is calculated based on a survey of purchasing managers from more than 400 service sector companies. Companies are selected based on their contribution to China's GDP, in accordance with the standard industry classification.

The indicator refers to the family of purchasing managers indexes calculated by the international Markit agency. This agency cooperates with Chinese media group Caixin.

The survey participants are polled to assess changes in their company: whether various indicators have improved, worsened or remained unchanged in the past month. The questionnaire for the service sector contains questions about business activity, new orders, prices paid and received, employment and business outlook. Diffuse indexes are compiled based on the survey, and the final service sector PMI is calculated using these diffuse indexes.

Separate diffuse subindexes may serve as leading indicators: purchasing managers earlier than others feel changes connected with deliveries, orders and other important economic parameters. Thus, their estimates of the market states come earlier than other statistic values, which are usually calculated after the situation has changed.

Readings above 50 point to a general growth of service sector activity, and readings below 50 indicate a decline. The growth of service PMI suggests further development of Chinese service industry. This may affect yuan quotes positively.

Last values:

actual data

forecast

The chart of the entire available history of the "Caixin China Services Purchasing Managers Index (PMI)" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Jun 2024
51.2
53.5
54.0
May 2024
54.0
52.6
52.5
Apr 2024
52.5
52.6
52.7
Mar 2024
52.7
51.2
52.5
Feb 2024
52.5
51.9
52.7
Jan 2024
52.7
54.2
52.9
Dec 2023
52.9
50.9
51.5
Nov 2023
51.5
50.3
50.4
Oct 2023
50.4
51.0
50.2
Sep 2023
50.2
52.9
51.8
Aug 2023
51.8
54.0
54.1
Jul 2023
54.1
55.5
53.9
Jun 2023
53.9
56.8
57.1
May 2023
57.1
57.1
56.4
Apr 2023
56.4
56.5
57.8
Mar 2023
57.8
54.0
55.0
Feb 2023
55.0
50.5
52.9
Jan 2023
52.9
47.3
48.0
Dec 2022
48.0
47.5
46.7
Nov 2022
46.7
48.8
48.4
Oct 2022
48.4
52.1
49.3
Sep 2022
49.3
55.3
55.0
Aug 2022
55.0
55.0
55.5
Jul 2022
55.5
48.0
54.5
Jun 2022
54.5
47.3
41.4
May 2022
41.4
47.3
36.2
Apr 2022
36.2
52.8
42.0
Mar 2022
42.0
53.0
50.2
Feb 2022
50.2
53.0
51.4
Jan 2022
51.4
52.9
53.1
Dec 2021
53.1
52.7
52.1
Nov 2021
52.1
52.4
53.8
Oct 2021
53.8
50.7
53.4
Sep 2021
53.4
50.7
46.7
Aug 2021
46.7
52.6
54.9
Jul 2021
54.9
52.7
50.3
Jun 2021
50.3
55.7
55.1
May 2021
55.1
55.4
56.3
Apr 2021
56.3
52.9
54.3
Mar 2021
54.3
51.7
51.5
Feb 2021
51.5
54.1
52.0
Jan 2021
52.0
51.1
56.3
Dec 2020
56.3
51.0
57.8
Nov 2020
57.8
50.7
56.8
Oct 2020
56.8
50.6
54.8
Sep 2020
54.8
50.7
54.0
Aug 2020
54.0
50.4
54.1
Jul 2020
54.1
56.8
58.4
Jun 2020
58.4
49.9
55.0
May 2020
55.0
50.3
44.4

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