China's Caixin Services PMI for April

HSBC Bank and UK research company Markit Group Ltd. announced the China's Caixin Services PMI for April on 2025-05-06. The reported figure stands at 50.7, against a forecast of 51.8, with the prior figure recorded as 51.9.

Regarding the China's Caixin Services PMI for April, Actual value > Forecast value = Bullish for AUD, The HSBC China Services Purchasing Managers Index (HSBC China Manufacturing Purchasing Managers Index) is jointly compiled by HSBC and the British research company Markit Group Ltd. It is an indicator that measures the overall conditions, employment, and price levels in China's service industry. The HSBC China Services Purchasing Managers Index is typically released on the first business day of each month. A PMI above 50 indicates that service industry activity is in an overall expansion trend, while a PMI below 50 reflects contraction in the service industry. Due to the close economic ties between Australia and China, the performance of the Chinese economy has a significant impact on the Australian dollar.

This data holds an importance level of , calculated using An indicator for measuring the overall service industry situation, employment, and price levels in China, and updates monthly.

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