China Caixin Services PMI Rises to Highest in Over Two Years
A private gauge of China's service-sector activity rose to its highest level in 28 months, signaling a continued recovery in the sector following Beijing's reopening from Covid restrictions.
In March, a private measure of China's service industry activity reached its highest level since 28 months. This indicates that the recovery has continued after Beijing relaxed Covid-19 restrictions.
Caixin Media and S&P Global reported Thursday that the Caixin China Services Purchasing Managers Index rose from 55.0 to 57.8 at the end of March, up from 55.0.