RatingDog Services Purchasing Managers' Index (PMI)
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 "RatingDog Services Purchasing Managers' Index (PMI)" is an important leading indicator that reflects business conditions in China’s service sector. It is calculated based on surveys of purchasing managers, covering factors such as new orders, business activity, employment, and pricing trends.
In general, a reading above 50 indicates expansion, while a reading below 50 suggests contraction. This simple benchmark allows market participants to easily understand the current state of the service sector.
As the service sector is closely tied to consumption and domestic demand, this indicator is widely used to assess the overall direction of the Chinese economy. It can also influence financial markets, including foreign exchange and equities, and is often a source of market volatility upon release.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
