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CHINA: Caixin PMI Services Decline for January. 

CHINA
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • China’s PMI Services for January declined to 51.0, from 52.2; likely impacted by the earlier than usual Lunar New Year Holiday.
  • This follows Monday’s release of the China PMI Manufacturing at 50.1.
  • The overall PMI composite saw a decline to 51.1 for January from 51.4 prior.
  • The PMI services result was the lowest reading since September and saw the employment component decline to 48.8 to mark the lowest contribution since April.
  • Additionally, the prices charged component saw a decline versus the prior month.
  • It is likely that this data release will be of little cause for concern due to the impact of the holidays.  
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  • China’s PMI Services for January declined to 51.0, from 52.2; likely impacted by the earlier than usual Lunar New Year Holiday.
  • This follows Monday’s release of the China PMI Manufacturing at 50.1.
  • The overall PMI composite saw a decline to 51.1 for January from 51.4 prior.
  • The PMI services result was the lowest reading since September and saw the employment component decline to 48.8 to mark the lowest contribution since April.
  • Additionally, the prices charged component saw a decline versus the prior month.
  • It is likely that this data release will be of little cause for concern due to the impact of the holidays.