China March Caixin Services PMI 57.8 (expected 55, prior 55 )

Composite 54.5

• prior 54.2

Key findings from the report:

• Sharpest increases in activity, sales and employment since November 2020
• Business confidence remains historically strong
• Input price inflation
  Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term picks up to seven-month high

Comment from the report:

• In March, the Caixin China General Composite PMI came in at 54.5, up 0.3 points from the previous month, maintaining an uptrend within expansionary territory.
• Production, demand and employment all grew, with the services sector showing a stronger expansion, whereas manufacturing activity turned comparatively sluggish.
• Input costs and prices charged remained stable, and businesses were highly optimistic.
• in March, the manufacturing and services sectors diverged, with services activity picking up at a faster pace, while manufacturing activity dragged, reflecting that the foundation for economic recovery is not yet solid.

Signs of recovery for China like this will be a tailwind for China stocks, AUD.