FOREX TradingCharts.com

Financial News: China Service Sector Growth Improves In December

China Service Sector Growth Improves In December

01/06/2022 - 01:08:00 (RTTNews)

(RTTNews) - China's services activity growth improved at the end of the year with firms posting faster increase in new work, survey results from IHS Markit showed on Thursday.

The Caixin services Purchasing Managers' Index rose to 53.1 in December from 52.1 in November.

A reading above 50.0 indicates expansion in the sector. Output increased in each of the past four months.

Total intakes of new business increased for the fourth successive month in December. Moreover, the pace of growth quickened from November's three-month low. Services companies also registered a further increase in new orders from abroad.

Chinese service sector employment improved for the fourth month running underpinned by improved demand conditions and efforts to lift operational capacity.

Although staff numbers increased, backlogs of work expanded for the fifth time in the past six months in December.

On the price front, the survey showed that average input costs increased in the final month of 2021. Nonetheless, the rate of inflation softened since November.

At the same time, charges set by services companies rose only moderately, with the rate of inflation edging down to a four-month low.

Although Chinese service providers remained highly upbeat regarding the 12-month outlook for business activity, overall sentiment softened since November.

At 53.0 in December, the composite output index rose from a three-month low of 51.2 in November. Output has now risen in each of the past four months, with the latest increase the quickest since July.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Belgium Growth Strengthens In Q4 (02 hr(s), 28 min(s), 41 sec(s) ago)
(RTTNews) - Belgium's economy grew at a faster pace in the final three months of 2021, prelimi ...Full Story»

U.S. Consumer Sentiment Drops More Than Initially Estimated In January (03 hr(s), 26 min(s), 41 sec(s) ago)
(RTTNews) - Consumer sentiment in the U.S. deteriorated by more than initially estimated in the mo ...Full Story»

Hong Kong Growth Slows In Q4 (03 hr(s), 29 min(s), 41 sec(s) ago)
(RTTNews) - Hong Kong's economic expansion slowed in the fourth quarter of 2021 as investment ...Full Story»

U.S. Personal Income Rises Less Than Expected, Personal Spending Slumps (04 hr(s), 58 min(s), 41 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Friday showed personal income in the U ...Full Story»

U.S. Personal Income Rises Less Than Expected In December (05 hr(s), 37 min(s), 41 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Friday showed personal income in the U ...Full Story»

Ireland Retail Sales Fall Further In December (06 hr(s), 55 min(s), 41 sec(s) ago)
(RTTNews) - Ireland's retail sales declined at a faster pace in December, figures from the Cen ...Full Story»

Latvia Retail Sales Rise In December (06 hr(s), 55 min(s), 41 sec(s) ago)
(RTTNews) - Latvia's retail sales grew in December, figures from the Central Statistical Burea ...Full Story»

Eurozone Money Supply Growth Slows; Credit To Private Sector Improves (06 hr(s), 58 min(s), 41 sec(s) ago)
(RTTNews) - Eurozone money supply grew at a slower pace in December and the annual growth in credi ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Belgium Growth Strengthens In Q4

01/28/2022 - 11:46 AM (RTTNews)
(RTTNews) - Belgium's economy grew at a faster pace in the final three months of 2021, prelimi ...Full Story>>

U.S. Consumer Sentiment Drops More Than Initially Estimated In January

01/28/2022 - 10:48 AM (RTTNews)
(RTTNews) - Consumer sentiment in the U.S. deteriorated by more than initially estimated in the mo ...Full Story>>

Hong Kong Growth Slows In Q4

01/28/2022 - 10:45 AM (RTTNews)
(RTTNews) - Hong Kong's economic expansion slowed in the fourth quarter of 2021 as investment ...Full Story>>

U.S. Personal Income Rises Less Than Expected, Personal Spending Slumps

01/28/2022 - 09:16 AM (RTTNews)
(RTTNews) - A report released by the Commerce Department on Friday showed personal income in the U ...Full Story>>

U.S. Personal Income Rises Less Than Expected In December

01/28/2022 - 08:37 AM (RTTNews)
(RTTNews) - A report released by the Commerce Department on Friday showed personal income in the U ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.