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China’s services sector remained strong in October, second highest in 10 years

Summary:
[unable to retrieve full-text content]Activity in China’s services sector accelerated in October as the economy continued its strong recovery from the coronavirus outbreak earlier this year, a private survey showed on Wednesday.The Caixin/Markit services purchasing managers’ index (PMI), a gauge of sentiment among smaller, private firms, rose to 56.8 in October from 54.8 in September. A reading above 50.0 indicates growth, while a reading below represents a contraction.October’s reading was higher than the median prediction of 55.0…

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[unable to retrieve full-text content]
Activity in China’s services sector accelerated in October as the economy continued its strong recovery from the coronavirus outbreak earlier this year, a private survey showed on Wednesday.The Caixin/Markit services purchasing managers’ index (PMI), a gauge of sentiment among smaller, private firms, rose to 56.8 in October from 54.8 in September. A reading above 50.0 indicates growth, while a reading below represents a contraction.October’s reading was higher than the median prediction of 55.0…

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