China February Caixin Services PMI 51.4 (expected 50.8)

Services PMI 51.4, showing 26 consecutive months of expansion in services activity

  • expected 50.8
  • prior 51.0

Composite 51.5

  • prior 51.1

More

  • Supply and demand increased, supported by new product launches and stronger promotional efforts.
  • New orders remained strong, with export orders hitting a three-month high while staying in expansionary territory.
  • Employment remained stable, with a slight increase in hiring, though many firms remained cautious.
  • Price pressures eased, as input costs fell for the first time since June 2020, leading to slight output price reductions.
  • Market sentiment improved, with expectations for future activity rising for the second month in a row.
  • Service firms remained optimistic, planning more aggressive sales strategies to drive growth.

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Earlier:

This article was written by Eamonn Sheridan at www.forexlive.com.

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