In March, China's Caixin Services PMI was 51.9, with growth rising to a three-month high.
In March, the volume of new Orders in the service industry grew steadily, and market demand is beginning to recover. Due to cost-cutting considerations, companies are cautious in their hiring attitudes, leading to a decline in the employment Index of the service industry into the contraction Range. However, corporate confidence in the service sector significantly increased in March, reaching a new high in optimism about the outlook for the next 12 months.
China Services Gauge Shows Acceleration in Activity Expansion
China Manufacturing Sector Expands to Four-Month High in March, S&P Says
China Factory Activity Beats Forecasts, Hits 4-mth High in March – Caixin PMI
China's Manufacturing PMI Expands to 12-Month High in March
China's PMI Notches Up In March, Signs Of Factories Ramping Up Production
