China’s services sector recovery accelerates, boosted by employment and surging business optimism

Apr 6, 2021 | INVESTING

A recovery in China’s services sector picked up speed in March as firms hired more workers and business optimism surged, although inflationary pressures remained, a private sector survey showed on Tuesday.The Caixin/Markit services purchasing managers’ index (PMI) rose to 54.3, the highest since December, from 51.5 in February, well above the 50-mark that separates growth from contraction on a monthly basis.Firms reported the sharpest increases in activity and overall sales in three months. New…

Read More

Pin It on Pinterest