Home/Newsfeed

China Services Grow at Fastest Pace Since July

Share Print 0

China’s services sector grew at the strongest pace in four months in October as new business picked up, encouraging companies to hire more workers, a private survey showed.

The figures were first reported by Chinese financial news outlet Caixin on its website at 0900 Beijing time. That was ahead of a scheduled embargo time of 0945.

The findings, along with upbeat official factory and services readings earlier this week, add to the view that the world’s second-largest economy is on a steadier footing.

Reuters

BoE Super Thursday Preview (Video)

USD/MXN Mexican Peso Under Pressure as Trump Rises in Polls

Clinton and Trump Attack Each Others Character

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
,
Back to Top