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Caixin China General Services PMI
Latest PMI data signalled a softer expansion in service sector output in China during August. Business activity increased at the slowest pace in eight months amid a softer rise in overall new work. Notably, new business from abroad fell for the first time in 2023 so far. Nevertheless, companies remained optimistic around the 12-month outlook, and planned company expansions supported a further increase in employment across the sector. On the prices front, the rate of input cost inflation cooled to a six-month low, while selling prices increased at the slowest rate since April. At 51.8 in August, the seasonally ... (full story)