The services sector in China continued to expand in March, and at a faster pace, the latest survey from Caixin showed on Tuesday with a PMI score of 54.3.
That’s up from 51.5 in February, and it moves further above the boom-or- but line of 50 that separates expansion from contraction.
Individually, [business][1] activity and sales both rose at quicker rates, while employment returned to growth. Business confidence hit its highest mark in more than a decade amid hopes for a post-pandemic recovery.
In order to alleviate pressure on margins, prices charged by services companies in China rose again at the end of the first quarter. The rate of inflation was the quickest seen in the year to date and solid.
Also, the composite index climbed from 51.7 in February at 53.1 in March.
For comments and feedback contact: editorial@rttnews.com
[Economic News][2]
What parts of the world are seeing the best (and worst) economic performances lately? Click[here][3] to check out our [Econ Scorecard][3] and find out! See up-to-the-moment rankings for the best and worst performers in [GDP][4], [unemployment rate][5], [inflation][6] and much more.
- www.rttnews.com/Content/Business.aspx
- www.rttnews.com/Content/EconomicNews.aspx
- www.rttnews.com/economic-scorecard/world-rank/industrial-production/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/GDP/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/unemployment-rate/lowest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/CPI/highest-performance.aspx