China's Caixin/S&P Global services PMI Climbs at Fastest Rate in 3 Months

Wednesday, 3 April 2024, 02:00

China’s services sector witnessed a surge in growth in March as indicated by the accelerated pace of new business, with the Caixin/S&P Global services PMI reaching its peak in the last three months. This uptrend in the first quarter signals a positive momentum building up in specific segments of the economy.
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China's Caixin/S&P Global services PMI Climbs at Fastest Rate in 3 Months

China’s Services Sector Growth

China's Caixin/S&P Global services purchasing managers’ index (PMI) showed significant improvement in March, highlighting the sector's robust performance.

Key Highlights:

  • New Business Acceleration: March reported the quickest rise in new business in the last three months.
  • Economic Momentum: This data adds to the growing evidence of economic progress in specific sectors.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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