Caixin China Services Purchasing Managers Index (PMI)

Country:
China
CNY, Chinese yuan
Source:
Sector:
Business
Medium 53.8 51.9
50.8
Last release Importance Actual Forecast
Previous
55.2
53.8
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
Nov 2018
53.8
51.9
50.8
Oct 2018
50.8
52.3
53.1
Sep 2018
53.1
52.1
51.5
Aug 2018
51.5
53.5
52.8
Jul 2018
52.8
54.7
53.9
Jun 2018
53.9
52.5
52.9
May 2018
52.9
52.1
52.9
Apr 2018
52.9
53.4
52.3
Mar 2018
52.3
54.2
Feb 2018
54.2
54.7
Jan 2018
54.7
53.9
Dec 2017
53.9
51.9
Nov 2017
51.9
51.2
Oct 2017
51.2
50.6
Sep 2017
50.6
52.7
Aug 2017
52.7
51.5
Jul 2017
51.5
51.6
Jun 2017
51.6
52.8
May 2017
52.8
51.5
Apr 2017
51.5
52.2
Mar 2017
52.2
52.6
Feb 2017
52.6
53.1
Jan 2017
53.1
53.4
Dec 2016
53.4
53.1
Nov 2016
53.1
52.4
Oct 2016
52.4
52
Sep 2016
52
52.1
Aug 2016
52.1
51.7
Jul 2016
51.7
52.7
Jun 2016
52.7
51.2
May 2016
51.2
51.8
Apr 2016
51.8
52.2
Mar 2016
52.2
51.2
Feb 2016
51.2
52.4
Jan 2016
52.4
50.2
Dec 2015
50.2
51.2
Nov 2015
51.2
52
Oct 2015
52
50.5
Sep 2015
50.5
51.5
Aug 2015
51.5
53.8
Jul 2015
53.8
51.8
Jun 2015
51.8
53.5
May 2015
53.5
52.9
Apr 2015
52.9
52.3
Mar 2015
52.3
52
Feb 2015
52
51.8
Jan 2015
51.8
53.4
Dec 2014
53.4
53
Nov 2014
53
52.9
Oct 2014
52.9
53.5

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