China Caixin Services PMI (isolated chart)Sharing as a separate chart to Macro Monday 45 so we can update this separately. PLEASE REVIEW MACRO MONDAY 45
China Caixin Services PMI - Mar 2024
✅52.7 = Expansionary (>50 is expansionary)
⏳ April Figures released today (pending)
▫️ Increased from 50.2 in Sept 2023 to 52.7 in Mar 2024
▫️ Increase/decrease from 52.7 in Mar 2024 to ??? in Apr 2024 – Figures for April are released on today Monday 6th April 2024.
✅The Caixin Services PMI has remained expansionary for 15 consecutive months (Jan 2023 – Mar 2024). It has been on a long term recovery since the Feb 2020 lows of 26.5 when services took a huge hit during COVID-19 lockdowns, since then making a series of higher lows and recently sustaining 15 months of expansionary readings.
