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Caixin China General Services PMI: Service sector expansion close to stagnation in September
China's service economy expansion further slowed at the end of the third quarter of 2024. Incoming new business and activity increased only marginally in September, though export business growth accelerated to a solid pace. Capacity pressures were evident nonetheless as higher new business contributed to an accumulation of backlogged work and the hiring of additional staff. However, the slowdown in growth led to a marked reduction in optimism levels among service providers. Firms were also reluctant to raise prices even as input costs inflation intensified. The seasonally adjusted headline Caixin China General ... (full story)
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- Posted: Sep 29, 2024 9:46pm
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 3,596
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