China's services activity picks up as conditions improve, Caixin PMI shows
China's services activity expanded at the fastest pace in three months in October, helped by early signs that Beijing's big stimulus push was helping improve business conditions, a private-sector survey showed on Tuesday.
China’s Caixin Services PMI rises to three-month high of 52 in October
China's Caixin Services Purchasing Managers' Index (PMI) rose to 52.0 in October, up 1.7, standing at a three-month high and indicating a sustained recovery in China's services sector, according to data released on Tuesday.
China Services Growth Picks Up More Than Expected After Stimulus
China’s service activity expanded at the fastest pace since July, a private survey showed, a sign that consumer demand may be on the mend after Beijing’s recent barrage of stimulus measures to shore up growth.
Growth expected to pick up after lull
The uptick in services activity came along with manufacturing activity resuming expansion in October, driven by renewed new business growth. The Caixin China General Composite PMI, covering both manufacturing and services activity, came in at 51.9 in October, up from 50.3 the previous month, marking the highest showing in four months.
China Manufacturing Activity Gauge Adds to Tentative Signs of Recovery
A private gauge of China’s manufacturing activity returned to expansionary territory in October, suggesting Beijing’s more aggressive approach to bolster the economy is starting to show some results.
China’s factory activity swings back into expansion in October: Caixin PMI
China’s Caixin/S&P Global manufacturing purchasing managers’ index echoes official survey, which showed activity expanded for the first time since April.
China Caixin PMI Signals Pickup in Service Sector Activity
A private gauge of China’s services sector signaled that business activity grew at an accelerated rate at the start of the ...
China Market Update: Services PMI Beats As Premier Li Signals Economic Policy Support
Asian equities had a strong day as Hong Kong and Mainland China significantly outperformed the region, while Japan, the Philippines, and Thailand had good days, and South Korea underperformed.
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China is boosting market sentiment by playing up hopes for stimulus
Chinese Premier Li Qiang said ahead of the US presidential election that Beijing has "ample space for fiscal policy and ...
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China Caixin Services PMI Adds to Signs of Economic Green Shoots
The Caixin services purchasing managers index rose to 52.0 in October from 50.3 in September, said Caixin Media Co. and S&P Global on Tuesday. The index has remained above the 50 mark that ...
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China's manufacturing output swings back into expansion in October, private survey finds
The Caixin/S&P Global manufacturing PMI came in at 50.3 in October, beating the median estimate of 49.7 in a Reuters poll.
Hang Seng and Mainland Equities Climb on PMI Data; US Election Uncertainty Looms
Hang Seng Index rises 0.71% as China PMI data and stimulus hopes drive investor optimism. China’s Caixin Services PMI shows growth, fueling market hope for more stimulus from Beijing. ASX 200 drops 0.