China’s services sector remains strong, boosted by first employment increase since January

//China’s services sector remains strong, boosted by first employment increase since January

China’s services sector remains strong, boosted by first employment increase since January

China’s coronavirus recovery continued as services sector activity remained strong in August, with employment levels increasing for the first time since January, a private survey showed on Thursday.The Caixin/Markit services purchasing managers’ index (PMI), which focuses on sentiment within smaller, private firms, fell slightly to 54.0 in August from 54.1 in July, which was the highest reading since April 2010, but still remained positive for a fourth consecutive month.A reading above 50.0…

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By | 2020-09-03T01:55:39+00:00 September 3rd, 2020|Headlines|Comments Off on China’s services sector remains strong, boosted by first employment increase since January