Monthly Index Indicating Services Sector Sentiment in China
China| Date | Value | ||
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| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
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| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The Caixin Services Purchasing Managers' Index (PMI) is a monthly indicator used to assess economic activity in China's services sector. This index is based on a survey jointly conducted by Caixin Media and IHS Markit, gathering data from purchasing managers in the services sector on new orders, inventory levels, employment conditions, supplier delivery times, and price trends.
The PMI uses 50 as a benchmark: a reading above 50 indicates expansion in the services sector, while a reading below 50 indicates contraction. This index is crucial for quickly understanding the current state of the Chinese economy, particularly the trends in the services sector.
Policy makers use the Caixin Services PMI to evaluate economic prospects and formulate appropriate monetary policies. For example, if the index shows strong growth, the central bank may consider raising interest rates to curb inflation risks. Conversely, if the index declines, it might indicate the need to strengthen economic stimulus measures. For businesses and investors, the PMI is an important source of information for understanding the sentiment in the services sector and making informed economic and investment decisions.
| Date | Value | Related Instruments Price Volatility | ||||||||
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| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
