TeleTrade - Analytics


721.00 6.50/10
57% of positive reviews

News Analytics


The Chinese HSBC services PMI increased to 52.9 in April from 52.3 in March.



A reading below 50.0 indicates contraction.



The increase was driven by higher new orders and employment in the service sector.



"The latest set of PMI data indicated that Chinese service-sector companies had a strong start to the second quarter, with activity and new orders both rising solidly in April," the HSBC's chief economist for China Qu Hongbin said.

To leave a comment you must or Join us

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