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    HomeContributorsFundamental AnalysisAsian session data update: China Caixin PMI services dropped

    Asian session data update: China Caixin PMI services dropped

    ActionForex
    By ActionForex

    China Caixin PMI services dropped 0.5 to 54.2 in February. Key points are:

    • Softer increases in activity across both the manufacturing and service sectors
    • New order growth slows at services companies, but picks up at manufacturers
    • Input price inflation subsides

    Summary:

    • Australia TD securities inflation Feb: -0.1% mom, prev 0.3% mom
    • Australia buidling approvals Jan: 17.1% mom, forecast 5.0% mom, prev -20.6% mom. Release.
    • China Caixin PMI services Feb: 54.2, forecast 54.3, prev. 54.7 Release.
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