China's Caixin Services PMI for June

HSBC Bank and the UK research company Markit Group Ltd. announced the China's Caixin Services PMI for June on 2025-07-03. The reported figure stands at 50.6, against a forecast of 50.9, with the prior figure recorded as 51.1.

Regarding the China's Caixin Services PMI for June, Actual values > Forecast values = Bullish for AUD, 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 the service sector in China, as well as employment and price surveys. The HSBC China Services Purchasing Managers' Index is usually released on the first working day of each month. If the PMI is above 50, it indicates that service sector activity is in a general expansion trend, while below 50 reflects a contraction in the service sector. Due to the close economic ties between Australia and China, the condition 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 service industry situation, employment, and price survey in China, and updates Every month. The next release is set for 2025-08-05 09:45:00.

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