China's Services Purchasing Managers' Index (PMI) rose to 52.0 in October from 50.3 in September, the latest data published by Caixin showed on Tuesday.
China 's Services Purchasing Managers' Index rose to 52.0 in October from 50.3 in September, the latest data published by Caixin showed on Tuesday. The market consensus was50.5 in the reported period. AUD/USD reaction to China ’s Services PMI At the time of writing,the AUD/USD pairis holding the latest uptick to near 0.6600, up 0.11% on the day.
How does the health of the Chinese Economy impact the Australian Dollar? China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar . When the Chinese economy is doing well it purchases more raw materials, goods and services from Australia, lifting demand for the AUD, and pushing up its value. The opposite is the case when the Chinese economy is not growing as fast as expected.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's Caixin Manufacturing PMI jumps to 50.3 in October vs. 49.7 expectedChina's Caixin Manufacturing Purchasing Managers' Index (PMI) jumped to 50.3 in October after recording 49.3 in September, the latest data showed on Friday.
Read more »
China's NBS Manufacturing PMI rises to 50.1 in October, Non-Manufacturing PMI improves to 50.2China’s official Manufacturing Purchasing Managers' Index (PMI) rose to 50.1 in October, compared to 49.8 in the previous reading.
Read more »
UK Preliminary Services PMI slips to 51.8 in October vs. 52.2 expectedThe seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) eased to 50.3 in October from 51.5 in September.
Read more »
Australia's Judo Bank Services PMI rises to 51.0 in October vs. 50.6 expectedThe final reading of Australia's Judo Bank Services Purchasing Managers Index (PMI) improved to 51.0 in October from 50.6 in the previous reading.
Read more »
Russian manufacturing sector returns to growth in October, PMI showsRussian manufacturing sector returns to growth in October, PMI shows
Read more »
Swedish PMI higher in October at 53.1 pointsSwedish PMI higher in October at 53.1 points
Read more »