Caixin Services PMI
Services PMI Jumped Higher In March
Starts Monday, May 6, 2019 at 01:45
Updated Monday, May 6, 2019
Just like the manufacturing sector, services have been slowing in China as well although this sector didn't fall into contraction. In February services PMI declined to 51.1 points which is pretty close to inflation but it jumped in March to 54.4 points as last month's report showed.But, manufacturing fell again last month close to contraction, so there is a chance that serviced might also weaken this time. Please follow us for live coverage of this event by experienced market analysts.
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About Caixin Services PMI
Level of a diffusion index based on surveyed purchasing managers in the services industry. Released monthly, on the third business day after the month ends. 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. Survey of about 400 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.