China's services activity rises to 52.0 in October - Breaking The News

China's services activity rises to 52.0 in October

5 November

1 min read

EPA-EFE/WU HAO

The Caixin China Purchasing Managers Index (PMI) reached 52.0 in October, indicating growth in the sector, according to a report released by S&P Global on Tuesday.

This figure exceeds the neutral mark of 50 and shows an increase from September's 50.3, to land above investors' estimates.

Dr. Wang Zhe, Senior Economist at Caixin Insight Group noted that the sector "has continued to expand since the beginning of last year, with a slight acceleration in pace from September."

data services pmi

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