China's services activity picks up as conditions improve, Caixin PMI shows


BEIJING: China's services activity expanded at the fastest pace in three months in October, helped by early signs that Beijing's big stimulus push was helping improve business conditions, a private-sector survey showed on Tuesday.

The Caixin/S&P Global services purchasing managers' index (PMI) grew to 52.0 in October from 50.3 the previous month. The 50-mark separates expansion from contraction on a monthly basis.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
China , services , Caixin , PMI

Next In Business News

Toyota still has the drive
Hurdles in DBS’ Alliance Bank bid
Metals keep shining bright
Retailers get a lift from Sara
iCents eyes Asean
Ringgit likely to trade within narrow range next week ahead of BNM OPR decision
Reading the market signals
Breathing new life into forgotten spaces
Urban harmony: Can stakeholders row together?
China’s gold rush continues

Others Also Read