-
China: Services activity growth remains solid in September
China’s service sector continued to expand at a solid pace at the end of the third quarter, according to latest PMI® data. The upturn was reportedly driven by rising amounts of new business, including a stronger increase in new export orders. Business confidence also improved, to reach a six-month high. That said, job shedding persisted amid concerns over costs, with employment falling at the quickest rate in nearly a year-and-a-half. Turning to prices, average input costs rose at a slightly faster rate in September, while prices charged increased fractionally. The headline RatingDog China General Services ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
China’s official gauge for manufacturing activity showed a smaller-than-expected contraction in September as Beijing intensified its efforts aimed at curbing industrial overcapacity amid sluggish domestic demand and global trade disruptions. The Manufacturing Purchasing Managers’ Index came in at 49.8, data from the National Bureau of Statistics showed, ...
Manufacturing sector conditions in China improved at the end of the third quarter, according to latest PMIŽ data. Rising new orders, including new export orders, drove faster production growth in September. As a result, companies raised their purchasing activity at a solid pace, which led to a further accumulation of inventories. Meanwhile, the rate of job ...
RBA's Gov. Bullock: The labor market remains solid, still a little tight. RBA's Gov. Bullock: The board sees risks as broadly balanced. RBA's Gov. Bullock: The economy is in a good spot. RBA's Gov. Bullock: The components of monthly CPI little higher than expected, inflation not running away.
