The Caixin Services PMI is a monthly economic indicator measuring the health of China's services sector, compiled by S&P Global and sponsored by Caixin Media. A reading above 50 indicates expansion, while below 50 signals contraction, focusing primarily on smaller private-sector companies. As China's economy shifts toward services-led growth, this indicator has become increasingly important for global market sentiment.
Example
“Asian equities rallied after the Caixin Services PMI came in at 54.1, suggesting robust domestic consumption in China.”