China's services activity grows modestly in February, Caixin PMI shows


BEIJING: China's services activity slightly expanded in February, driven by a faster rebound in demand, including export orders, a private sector survey showed on Wednesday, though an escalating U.S.-Sino tariff war has cast uncertainty over the outlook.

The Caixin/S&P Global services purchasing managers' index (PMI), rose to 51.4 from 51.0 in January, staying above the 50-mark that separates growth from contraction.

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

Next In Business News

OCBC to offer physical gold trading, storage in Singapore
Indonesia's FX reserves slide to two-year low, sparking concern�
US allegations of forced labor refuted
Chipmakers drag South Korea, Taiwan stocks lower as investors unwind AI bets
Liftech to raise RM23mil from ACE Market IPO
Yuan brushes off dollar strength, trade data eyed
Supply crisis to push costs beyond oil prices, whole-of-nation response needed
How a few AI chip giants warped Asia's stock picking game
Bursa Malaysia falls at midday as regional sell-off weighs
Sirim appoints Nik Sazali Nik Hussin as president and group CEO

Others Also Read