Caixin Services PMI
Services on a Declining Trend in China
Starts Wednesday, April 3, 2019 at 01:45
Updated Thursday, March 28, 2019
Just like the manufacturing sector, services have been slowing in China as well. But, they haven't fallen into contraction like manufacturing has. Although, the service sector seems to be headed in that direction. The slowdown continued throughout last year and in October this sector nearly fell in stagnation. Although, it expanded again in November and December nut in January this year the slowdown resumed again and in February the PMI indicator fell to 51.1 points. 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.