China’s service providers reported further increases in both activity and new business in March, according to the latest PMI® data. The rates of growth eased from February, but the 12-month outlook remained positive. Cost pressures remained modest, helping firms to discount their own prices. The headline RatingDog China General Services Business Activity Index posted above the 50.0 neutral mark in March to signal further growth of services activity. The current sequence of expansion began in January 2023. The headline figure fell from a 33-month high of 56.7 in February to 52.1, signalling a slower rate of growth, ... (full story)