China's services activity picks up as conditions improve, Caixin PMI shows

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BEIJING: China's services activity expanded at the fastest pace in three months in October, helped by early signs that Beijing's big stimulus push was helping improve business conditions, a private-sector survey showed on Tuesday.

That means policy efforts should focus on increasing household disposable income," said Wang Zhe, Senior Economist at Caixin Insight Group.

Input price growth slowed to a three-month low, though companies are still grappling with rising material and energy costs.

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Category: EconomyBusiness

Markets: MalaysiaChinaSingapore

Topics: /Business/Business News Caixin PMI Services Economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 10:43:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

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Sentences: 21 lines

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News ID: 23420529

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