Key Points
China's services activity growth accelerated in March as new business rose at the quickest pace in three months, a private-sector survey showed on Wednesday, a sign sentiment was staging a tentative recovery in the world's second-largest economy...
The Caixin/S&P Global services purchasing managers' index (PMI) edged up to 52.7 from 52.5 in February, above the 50-mark that separates expansion from contraction for the 15th consecutive month...
That also pushed up business confidence as the sub-index of future activity increased for the first time in three months amid hopes that new product lines, expansion plans and rises in client budgets will help boost sales...
"Growth in supply and demand in both the manufacturing and services sectors accelerated slightly, with improved exports and sustained market optimism," said Wang Zhe, economist at Caixin Insight Group...
But he noted employment in both sectors continued to contract, while input and output prices remaining low, indicating that "sluggish demand persisted.". . Published on: Apr 03, 2024, 11:27 AM IST.
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