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China’s services sector recovery accelerates, boosted by employment and surging business optimism

Summary:
[unable to retrieve full-text content]A recovery in China’s services sector picked up speed in March as firms hired more workers and business optimism surged, although inflationary pressures remained, a private sector survey showed on Tuesday.The Caixin/Markit services purchasing managers’ index (PMI) rose to 54.3, the highest since December, from 51.5 in February, well above the 50-mark that separates growth from contraction on a monthly basis.Firms reported the sharpest increases in activity and overall sales in three months. New…

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[unable to retrieve full-text content]
A recovery in China’s services sector picked up speed in March as firms hired more workers and business optimism surged, although inflationary pressures remained, a private sector survey showed on Tuesday.The Caixin/Markit services purchasing managers’ index (PMI) rose to 54.3, the highest since December, from 51.5 in February, well above the 50-mark that separates growth from contraction on a monthly basis.Firms reported the sharpest increases in activity and overall sales in three months. New…
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