Growth in China's services industry quickened in March, an official survey ...
FILE PHOTO - A waiter prepares a table for service at Haidilao's new artificial intelligence hotpot restaurant in Beijing, China, November 14, 2018. REUTERS/Jason Lee/File Photo
BEIJING - Growth in China’s services industry quickened in March, an official survey showed on Sunday, offering some respite for a slowing economy. The official non-manufacturing Purchasing Managers’ Index rose to 54.8 in March from 54.3 in February, well above the 50-point mark that separates growth from contraction.
The fast-growing services sector accounts for more than half of China’s economy and has helped buffer the impact of slowing manufacturing. But it softened late last year amid a cooling property market and faltering consumer demand for products from cars to mobile phones. The composite PMI, which covers both manufacturing and services activity, edged up to 54 from February’s 52.4.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chicago PMI drops sharply in March as order backlogs fall to contractionary levelsChicago PMI in March slowed to a reading of 58.7 from 64.7, MNI Indicators said. Any reading above 50 indicates improving conditions. Order backlogs fell...
Read more »
China March factory activity seen contracting for fourth monthFactory activity in China likely contracted for a fourth straight month in March...
Read more »
China March factory activity unexpectedly expands, beats forecastFactory activity in China unexpectedly expanded for the first time in four month...
Read more »
Standard Chartered CEO says fears of China growth slowdown, trade war are recedingStandard Chartered PLC Chief Executive Bill Winters said fears over a slowdown i...
Read more »
Netanyahu says Israel ready for Gaza campaign if needed; Palestinians plan huge marchPrime Minister Benjamin Netanyahu said on Thursday that Israel is prepared to wa...
Read more »
4th victims dies following March 18 Utrecht tram attackTHE HAGUE, Netherlands (AP) — Authorities say a fourth victim has died from injuries sustained in the March 18 tram shooting in Utrecht, an incident being investigated as a possible extremist attack.
Read more »
The last perfect March Madness bracket is officially bustedPurdue’s victory shattered the last perfect March Madness bracket, which lasted an astounding 49 games.
Read more »