CH Caixin Services PMI
It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy;
Above 50.0 indicates industry expansion, below indicates contraction. The 'Previous' listed is the 'Actual' from the Flash release and therefore the 'History' data will appear unconnected. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Nov 2019, is the earliest and thus tends to have the most impact;
- CH Caixin Services PMI Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Nov 4, 2024 | 52.0 | 50.5 | 50.3 |
Sep 29, 2024 | 50.3 | 51.6 | 51.6 |
Sep 3, 2024 | 51.6 | 51.9 | 52.1 |
Aug 4, 2024 | 52.1 | 51.4 | 51.2 |
Jul 2, 2024 | 51.2 | 53.4 | 54.0 |
Jun 4, 2024 | 54.0 | 52.5 | 52.5 |
May 5, 2024 | 52.5 | 52.5 | 52.7 |
Apr 2, 2024 | 52.7 | 52.5 | 52.5 |
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- CH Caixin Services PMI News
China's service economy expanded at an accelerated rate at the start of the final quarter of 2024. Growth in new business partly reflected another solid rise in export orders. This led to a quicker rise in business activity while the level of backlogged work also increased. As a result of rising workloads and improved confidence about future output, service providers in China continued to raise staffing levels in October. On the price front, selling prices were unchanged whilst input cost inflation softened. The seasonally adjusted ...
China's service economy expansion further slowed at the end of the third quarter of 2024. Incoming new business and activity increased only marginally in September, though export business growth accelerated to a solid pace. Capacity pressures were evident nonetheless as higher new business contributed to an accumulation of backlogged work and the hiring of additional staff. However, the slowdown in growth led to a marked reduction in optimism levels among service providers. Firms were also reluctant to raise prices even as input ...
China's service economy continued to expand midway through the third quarter of 2024. Incoming new business and activity remained in growth, with export business rising at an accelerated rate in August. Meanwhile capacity pressures were observed with a renewed accumulation of backlogged work, but firms reduced staffing levels amid cost concerns. Average input prices notably climbed at the fastest rate in more than a year, but firms opted against raising selling prices even as business confidence improved. The seasonally adjusted ...
The expansion of China's service economy accelerated entering the second half of 2024. This was supported by faster new business inflows, while export business also continued to rise. Greater efficiency, aided by higher workforce capacity, further enabled service providers to work through their outstanding business. Average selling prices meanwhile were unchanged in July despite cost inflation rising. This was as firms sought to remain competitive amid cautious optimism with regards to output in the year ahead. The seasonally ...
China's service economy continued to expand into the end of the second quarter of 2024, supported by rising new and export business. That said, rates of expansions eased in June. This contributed to a reduction in optimism levels. Firms were also cautious about hiring additional staff, even as backlogs accumulated at the fastest pace in just over two years. Price pressures meanwhile eased with firms raising their charges only fractionally. This was amidst falling input cost inflation in June. The seasonally adjusted headline Caixin ...
China's service economy expansion accelerated in May as greater new business inflows spurred faster services activity growth. New export business also increased at the fastest pace in a year. In turn, service providers expanded their staffing levels, which supported the clearance of backlogged orders. Price pressures intensified, however, with firms raising their charges amid rising cost burdens. Confidence levels also eased to a sevenmonth low amid concerns about the global economic environment and rising prices. The seasonally ...
China's service economy expanded moderately in the opening month of the second quarter of 2024. Faster new business growth, the quickest in nearly a year, supported the latest rise in activity and an improvement in confidence. New export business also rose at a faster rate in April. That said, service providers continued to reduce employment amid an absence of any capacity pressure at their units. Meanwhile, both input cost and output price inflation rates increased slightly in the latest survey period but remained moderate overall. ...
March PMI data revealed that China's service economy further expanded at the end of the first quarter of 2024. Moreover, the pace of business activity growth accelerated in March with new business rising at the quickest rate in the year-to-date. Business confidence also improved, although employment levels declined amid evidence of reduced capacity pressures. Input cost inflation across China's service sector meanwhile eased in the latest survey period, resulting in average selling prices rising at a slower pace. The seasonally ...
Released on Nov 4, 2024 |
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Released on Sep 29, 2024 |
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Released on Sep 3, 2024 |
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Released on Aug 4, 2024 |
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Released on Jul 2, 2024 |
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Released on Jun 4, 2024 |
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Released on May 5, 2024 |
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Released on Apr 2, 2024 |
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