China Caixin November services PMI 53.5 vs 51.2 expected

Author: Adam Button | Category: News

The latest services PMI from Caixin

China Caixin November services PMI
  • Highest since April
  • Prior was 51.1
  • Composite index 53.2 vs 52.0 prior -- highest since Feb
  • Employment 51.0 vs 51.1 prior
That's a sharp, unexpected snap higher in the services PMI. The highest estimate from an economist was 52.1 and this number blew that away.

It's only one month but it's a great sign for the Chinese economy, albeit a tough one to believe.
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