The index China services PMI is up 2.1 points in February, rising to 55 points from 52.9 in January, obtaining his best result in six months. The figure exceeds market expectations by more than four points, which expected a drop to 50.5.
As reported by the Caixin group, PMI survey data indicated that the recovery in China’s service sector accelerated in February, with businesses reporting the sharpest increase in activity since last August. He rebound was supported by the strongest increase in new business since April 2021Since the relaxation of restrictions due to COVID-19 helped increase the number of customers and demand.
He growth of new export orders it also accelerated, reaching the highest level in almost four years. The improvement in the business climate fueled a renewed and solid increase in employment. Meanwhile, price pressures remained subdued, with companies posting only slight increases in input costs and selling prices.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
