China Caixin Services PMI
A monthly questionnaire issued to purchasing executives in over 400 private service sector organizations yielded responses that formed the basis of the Caixin China General Services PMI (Purchasing Managers' Index). Sales, employment, inventories, and pricing are some of the variables tracked by the index. A rating of greater than 50 suggests that the services sector is generally increasing, while a reading of less than 50 indicates that it is generally contracting.
A higher than expected figure should be seen as positive (bullish) for the CNY while a lower than expected figure should be seen as negative (bearish) for the CNY.
News (CNY)
Chinese Economy Still Faces Deflation Risk: Capital Economics
The Chinese economy still faces the risk of slipping into a deflationary trap, Capital Economics' economist Gabriel Ng said. Data released by the National Bureau of Statistics on Saturday showed that consumer price inflation softened to 0.3 percent in October from 0.4 percent in September. Moreover, this was the weakest in four months.
RTTNews | 3 days ago
China Exports Growth Fastest In More Than 2 Years; Imports Fall
China's exports expanded the most in more than two years in October, while imports declined at a sharper-than-expected pace due to weaker domestic demand, official data showed Thursday. Exports grew 12.7 percent on a yearly basis, following an increase of 2.4 percent in September, customs data revealed. Shipments were forecast to climb only 5.0 percent.
RTTNews | 7 days ago
China Services PMI Improves To 52.0 In October - Caixin
The services sector in China continued to expand in October, and at a faster rate, the latest survey from Caixin revealed on Tuesday with a PMI score of 52.0.
RTTNews | 9 days ago
