China Caixin Services PMI for April 2025 is 50.7 (expected 51.7) | Forexlive
China Caixin Services PMI for April 2025:
Services PMI 50.7, slowest since September 2024
- expected 51.7, prior 51.9
Composite 51.1
- prior 51.8
Commentary/analysis, summarised from the report:
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Growth in business activity and new orders slowed, with the latter rising at its weakest pace since December 2022.
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Employment contracted for the second month, as firms cut staff to manage costs, leading to higher backlogs.
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Input costs rose, driven by wages and raw materials, while prices charged fell for the third month, amid weak demand and competition.
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Market optimism dropped sharply, with future expectations falling to the second-lowest on record, reflecting concerns over U.S. tariffs.
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Foreign tourism provided some support to export orders, but overall demand remained subdued.
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These are the final of the PMIs due from China for April.
Earlier we’ve had:
China March official Manufacturing PMI 49.0, this is a 16-month low (the worst contraction since December 2023)
expected 49.8, prior 50.5
- Non-Manufacturing PMI 50.4 (services and construction)
China Caixin Manufacturing PMI for April 2025 comes in lower than March but better than expected at 50.4
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