China's services activity rises to 3-month high in March - Breaking The News

China's services activity rises to 3-month high in March

3 April

1 min read

EPA-EFE/WU HONG

The Caixin China Purchasing Managers Index (PMI) reached 51.9 in March, indicating growth in the sector, according to a report released by S&P Global on Thursday.

This figure exceeds the neutral mark of 50 and shows an increase from February's 51.4, to land at a three-month high, topping investors' estimates.

Dr. Wang Zhe, Senior Economist at Caixin Insight Group noted that "service providers were hopeful about future policy support at home," adding, however, that "some expressed concerns over a potentially deteriorating global trade environment."

data services pmi

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