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China’s services sector activity growth accelerates, but Covid-19 flare-ups weigh on outlook

Summary:
[unable to retrieve full-text content]Activity in China’s services sector expanded at a faster pace in December amid higher demand and easing inflationary pressure, but continuing small-scale coronavirus outbreaks weighed on the outlook, a private sector survey showed on Thursday.The Caixin/Markit services purchasing managers’ index (PMI) rose to 53.1 in December from 52.1 in November, remaining above the 50-point mark that separates growth from contraction on a monthly basis.The survey, which focuses more on small firms in coastal…

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[unable to retrieve full-text content]
Activity in China’s services sector expanded at a faster pace in December amid higher demand and easing inflationary pressure, but continuing small-scale coronavirus outbreaks weighed on the outlook, a private sector survey showed on Thursday.The Caixin/Markit services purchasing managers’ index (PMI) rose to 53.1 in December from 52.1 in November, remaining above the 50-point mark that separates growth from contraction on a monthly basis.The survey, which focuses more on small firms in coastal…
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