Caixin Services PMI

Source
MeasuresLevel of a diffusion index based on surveyed purchasing managers in the services industry;
Usual Effect'Actual' greater than 'Forecast' is good for currency;
FrequencyReleased monthly, on the third business day after the month ends;
Next Release
FF NotesAbove 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;
Why Traders
Care
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;
Derived ViaSurvey 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;
Acro ExpandPurchasing Managers' Index (PMI);