Breaking News

China Caixin Services Purchasing Managers Index (PMI)

Latest Release

Feb 05, 2025

Actual

51.0

Forecast

52.3

52.2

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
Mar 04, 2025 (Feb)	20:45		50.8	51.0
Feb 04, 2025 (Jan)	20:45	51.0	52.3	52.2

News

Asia FX mixed amid tariff jitters; Chinese yuan slides, Japanese yen rallies By Investing.com - Feb 04, 2025

Investing.com-- Asian currencies were a mixed bag on Wednesday amid persistent concerns over a brewing trade war between the U.S. and China, although hawkish wage data sparked a rally in the Japanese...

China services activity grows less than expected in Jan- Caixin PMI By Investing.com - Feb 04, 2025

Investing.com-- China’s services activity missed expectations in January, private purchasing managers’ index data showed on Wednesday, as local business activity took only fleeting support from recent...

Oil prices edge higher; set for weekly losses on Trump energy plans By Investing.com - Jan 24, 2025

Investing.com--Oil prices edged higher Friday, helped by better than expected Chinese economic activity, but were on course for a weekly decline as President Donald Trump called for lower crude prices...

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...

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Sanction worries dent sentiment Markets anticipating Fed may hike rates by 0.5% Treasury yields advance Key EventsAfter a selloff on Wall Street yesterday, US futures on the Dow Jones, S&P 500,...

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