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China PMI composite rose to 51.1, services a boom and manufacturing a drag

China PMI composite rose to 51.1, services a boom and manufacturing a drag
China Caixin PMI Services rose from 48.0 to 52.9 in January, first expansionary reading in five months. PMI Composite rose from 48.3 to 51.1, the first upturn in total business activity since August 2022. Wang Zhe, Senior Economist at Caixin Insight Group said: “Services activity experienced a boom, as both supply and demand expanded, whereas […] The post China PMI composite rose to 51.1, services a boom and manufacturing a drag appeared first on Action Forex... Read More
Posted: Feb 3 2023, 06:17
Author Name: actionforex
Views: 110121

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