wrapper

China Services PMI fell to 52.2

Thursday, Apr 06 2017
China Services PMI fell to 52.2

The headline reading of the Caixin China General Services PMI deteriorated to 52.2 in March, the lowest in six months and down 0.4 points from the previous month. The new business sub-index also showed its lowest reading since last September, while both sub-indices for input costs and output prices rose to their highest levels in more than a year.

The Caixin China Composite Output Index was 52.1 in March, down 0.5 points from February and the worst reading in half a year. The Chinese economy continued to expand in March, but growth in both manufacturing and services slowed. Weaker increases in new business have clouded the economic outlook, and investors should watch closely for signs of a turning point in the second quarter.

More in this category: « Most Fed policymakers see change to balance sheet policy 'later this year': minutes German Factory Orders rose by 3.4% »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.