The Caixin/Markit services purchasing managers’ index (PMI) rose to 54.3, the highest since December, from 51.5 in February, well above the 50-mark that separates growth from contraction on a monthly basis. Photo: AFP
The Caixin/Markit services purchasing managers’ index (PMI) rose to 54.3, the highest since December, from 51.5 in February, well above the 50-mark that separates growth from contraction on a monthly basis. Photo: AFP

China’s services sector recovery accelerates, boosted by employment and surging business optimism

  • The Caixin/Markit services purchasing managers’ index (PMI) rose to 54.3, the highest since December, from 51.5 in February
  • The findings were largely in line with an official survey released last week, which showed China’s non-manufacturing purchasing managers’ index (PMI) rose to 56.3 in March from 51.4 in February

The Caixin/Markit services purchasing managers’ index (PMI) rose to 54.3, the highest since December, from 51.5 in February, well above the 50-mark that separates growth from contraction on a monthly basis. Photo: AFP
The Caixin/Markit services purchasing managers’ index (PMI) rose to 54.3, the highest since December, from 51.5 in February, well above the 50-mark that separates growth from contraction on a monthly basis. Photo: AFP
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