China Services PMI slows to three-month low; what lies ahead for Chinese stocks?
4 Articles
4 Articles
China Services PMI slows to three-month low; what lies ahead for Chinese stocks?
China’s services sector expanded at its slowest pace in three months as rising costs and intense competition squeezed margins. The weaker PMI and declining business confidence may weigh on Chinese equities, although sustained growth in export orders offers some support.
The Chinese economy disappointed, but stock market indices rose. What did the PMI data from the services sector of the world's second-largest economy reveal? We take a look.
China's services sector activity slowed unexpectedly during October, at a weak start in the fourth quarter, with companies' confidence and pressure on their profit margins reduced by rising input costs. The index for procurement managers in the services sector declined to 50.8 points in October, the lowest level since July, according to a statement issued today Wednesday, but the article still slows the growth of the Chinese services sector to t…
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