TeleTrade - Analytics

TeleTrade

518.25 6.75/10
57% of positive reviews
Real

06.01.2016 09:12 Chinese Markit/Caixin services PMI falls to 50.2 in December

The Caixin/Markit Services Purchasing Managers' Index (PMI) for China declined to 50.2 in December from 51.2 in November, missing expectations for an increase to 52.3.

 

The index was driven by a subdued client demand.

 

Recruitment at services continued to rise in December, while backlogs of work were little-changed.

 

"In light of the setback to services sector growth, the government needs to gradually relax restrictions in the sector. This will release the potential of supply-side reform, improve the economic structure and help with the industrial transformation and upgrading," Dr. He Fan, Chief Economist at Caixin Insight Group, said.



To leave a comment you must be or register

By visiting our website and services, you agree to the conditions of use of cookies. Learn more I agree