- Analytics
- News and Tools
- Market News
- Growth in Chinese services sector activity accelerates in August
Growth in Chinese services sector activity accelerates in August
Markit/Caixin’s
survey revealed on Wednesday that the activity growth in the Chinese services
sector rose in August.
The
Caixin/Markit services purchasing managers' index (PMI) came in at 52.1 last
month on a seasonally adjusted basis, up from the previous month's reading of 51.6.
That marked the strongest rise in services activity since May. The 50 mark
divides contraction and expansion.
According to
the survey, the rate of new order growth was the quickest in four months and
the employment rose at the fastest pace since June 2018. On the price front, service
providers’ operating expenses increased at the strongest pace for three months
amid reports of greater purchasing prices and labour costs, while their output
charges rose the most in 20 months.
Caixin China
Composite PMI, which covers both manufacturing and services, rose from 50.9 in July
to a four-month high of 51.6 in August.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
