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Caixin China General Services PMI
Growth momentum across China's service sector continued to revive at the end of 2023, according to the latest PMI data. Companies signalled solid increases in activity and new business, with the latter expanding at the quickest pace since May. As a result, firms tentatively raised their workforce numbers for the first time in three months, while optimism regarding the year ahead also improved. Differing trends were meanwhile seen for prices data. While average input costs increased at a faster pace, selling prices rose at a softer and only marginal rate amid competition for new work. The seasonally adjusted headline ... (full story)