China’s Caixin Services PMI unexpectedly drops to 51 in January vs. 52.3 expected

China's Services Purchasing Managers' Index (PMI) unexpectedly fell to 51 in January from 52.2 in December, the latest data published by Caixin showed Wednesday.

The data surprised to the downside, missing the estimated 52.3 figure.

Feb 5, 2025

China Caixin Services PMI below expectations (52.3) in January: Actual (51)

NZD/USD hovers around 0.5650 following labor market, China’s PMI

NZD/USD remains steady following the release of the Caixin Services Purchasing Managers’ Index (PMI) from China, New Zealand’s close trading partner.