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Caixin China General Services PMI
The Caixin China Composite PMI™ data (which covers both manufacturing and services) indicated that total Chinese business activity expanded at the slowest pace for four months at the end of the first quarter. Notably, the Composite Output Index fell from 53.3 in February to 51.8 in March, to signal only a modest pace of expansion. The dip in the headline index was driven by weaker increases in output across both the manufacturing and service sectors during March. Furthermore, rates of growth slipped to four-month lows in both sectors. At 52.3 in March, the seasonally adjusted Caixin China General Services Business ... (full story)
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China's Caixin services PMI drops unexpectedly in March
China's Caixin services PMI for March came in at 52.3 vs 54.5 exp and 54.2 last, which indicated output growth easing across both manufacturing and service sectors. Meanwhile, the Composite Output Index fell from 53.3 in February to 51.8 in March, to signal only a modest pace of expansion.” the report noted. Quotes from Dr. Zhengsheng Zhong, Director of Macroeconomic Analysis at CEBM Group “The Caixin China General Services Business Activity Index fell to 52.3 in March from 54.2 in February. Both new business and employment grew at a slower rate last month, pointing to cooling demand. However, the ability of ... (full story)
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