China Private Services Activity Expands Faster in April
China private services PMI rose to 52.6 in April as domestic demand offset falling exports. Firms cut staffing for a third month while input costs increased.
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Xurve View
China services activity expanded to 52.6 in April, up from 52.1 in March, according to a private-sector survey. The reading outperformed the official government survey, which showed the sector slipping into contraction during the same period. Investors are monitoring whether domestic demand can offset cooling industrial output and rising input costs for Chinese firms.
