HSBC and the UK research company Markit Group Ltd. announced the Caixin Services PMI for China in May on 2025-06-05. The reported figure stands at 51.1, against a forecast of 51.1, with the prior figure recorded as 50.7.
Regarding the Caixin Services PMI for China in May, Actual value > Forecast value = Positive for the Australian Dollar, The HSBC China Services Purchasing Managers' Index (HSBC China Manufacturing Purchasing Managers Index) is compiled jointly by HSBC and the British research company Markit Group Ltd. It is an indicator that measures the overall condition of China's service industry, employment, and price surveys. The HSBC China Services Purchasing Managers' Index is typically released on the first working day of each month. If the PMI is above 50, it indicates that service industry activity is in a general expansion trend, while a value below 50 reflects a contraction in the service industry. Because Australia is closely linked to China's economy, 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 measuring the overall state of the service industry in China, including employment and price surveys, and updates monthly. The next release is set for 2025-07-03 09:45:00.
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