China's service sector expanded at the fastest pace in 14 months in March, providing further signs that the world's second largest economy is possibly stabilising after government stimulus takes hold.
The Caixin/Markit Service Purchasing Managers’ Index (PMI) picked up to 54.4, the strongest pace in 14 months, compared to a four-month low of 51.1 in the previous month and beating the expectation of 52.3 expected by analysts survey by Reuters.
The 50-mark separates growth from contraction.
The caixin composite PMI, which tracks both manufacturing and service sector rebounded to 52.9, the . . .
To continue reading, please subscribe.
We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you. Don't miss out!
What you'll get:
- Original and in-depth reporting on China's economy and financial markets with details, data and perspectives you don't read elsewhere!
- Daily Brief newsletter delivered before market open every weekday wrapping up the most important China-related information.
- Weekly Market Wrap-up on Chinese equities, bonds, the yuan and commodities!
- Interviews with China experts. We find you insights you should never miss!
Not ready for the full service? Subscribe to our Free Weekly Newsletter first.
Already have an account? Sign In