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The November Caixin services PMI has arrived as follows:

China Caixin PMI Composite Nov: 57.5 (prev 55.7).
China Caixin PMI Services Nov: 57.8 (est 56.4; prev 56.8).

A slight disappointment for the bulls and AUD is virtually unchanged on the release. 

Morte to come…

 

Description of the Caixin Services PMI

The Caixin Services PMI™, released by Markit Economics, is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 400 private service sector companies. The panel has been carefully selected to accurately replicate the true structure of the services economy.