China's service sector gained momentum at the end of the year amid new business posting the strongest rise in seven months, upbeat business sentiment and rising employment.
China’s services sector continued to revive in December 2023 as its yearlong recovery kept on going, a survey showed on Thursday. The Caixin services purchasing managers’ index (PMI) – a private gauge – expanded at the quickest pace in five months in December to 52.9 from 51.5 in November.
The Caixin/S&P Global manufacturing PMI rose to 50.8 at the end of 2023 from 50.7 in November, marking the fastest expansion in seven months and surpassing analysts’ forecasts
China s factory activity
expanded at a quicker pace in December due to stronger gains in
output and new orders, but business confidence for 2024 remained
subdued, a private-sector survey showed on. -January 01, 2024 at 08:45 pm EST
- MarketScreener