Economic Buzz: China Services Sector Expands At Faster Pace In April

Economic Buzz: China Services Sector Expands At Faster Pace In April

May 07, 2021 10:05 IST capital market

The services sector in China continued to expand in April, recording a faster pace, the latest survey from Caixin revealed on Friday with a services PMI score of 56.3. This is up from 54.3 in March, and it moved further above the boom-or-bust line of 50 that separates expansion from contraction. Total new orders expanded at the fastest rate since last November. The rate of job creation was the fastest recorded for five months and solid. The report also showed that the composite index jumped to 54.7 from 53.1 in March.

Powered by Commodity Insights

Related Story

Open Free Demat Account (Rs699)