Activity in China’s services sector expanded at a faster pace in October, buoyed by robust demand, although rising inflationary pressures weighed on business confidence for the year ahead, a private survey showed on Wednesday.The Caixin/Markit services purchasing managers’ index (PMI) rose to 53.8 in October – the highest since July – from 53.4 in September. The 50-point mark separates growth from contraction on a monthly basis.The improved readings in the private survey, which focuses more on…
Source : South China Morning Post
Read more…China’s services sector activity expands at faster pace due to rising demand, but inflation pressures loom
