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CN Oct Caixin Services PMI Rises to 3-mth High of 52, Beating Forecasts
Recommend 6 Positive 14 Negative 3 |
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The Caixin China General Services PMI for October was 52, beating market consensus of only 50.5, up 1.7 ppts MoM, a nearly 3-month high, suggesting that the prosperity of the service sector picked up, according to Caixin.com. The supply and demand for the service sector expanded at a rate better than that of the manufacturing sector in October, with simultaneous improvement in supply and demand, a rebound in enterprises' confidence from a low level, stabilized employment, marginal easing of cost pressures and increased optimism. AAStocks Financial News |
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