China April Services Sector Expands Further on Strong Export Sales: Caixin PMI
Monday, 6 May 2019 09:16 WIB | ECONOMY |ekonomi China

Activity in China's services sector further improved in April, with export sales rising at a record pace, a private business survey showed on Monday, although the longer-term outlook for new orders stayed subdued due to global economic uncertainties.

The Caixin/Markit services purchasing managers' index (PMI) climbed to 54.5, the highest since January 2018 and slightly up from 54.4 in March. The 50-mark separates growth from contraction.

Export orders increased the most since the survey began measuring this in September 2014.

While the growth contrasts with a slight slowdown suggested by official data last week, both readings indicated China's services sector remained firmly in expansionary territory.

The strength in services, which account for more than half of China's economy, would help to counter any volatility in the country's manufacturing sector, which is still searching for firm footing.

Caixin's composite manufacturing and services PMI slipped to 52.7 in April from 52.9 a month earlier, weighed down by the slowing expansion of factory activity.

Source : Reuters

RELATED NEWS

U.K. CPI slows more than forecast to 1.7% growth rate
Wednesday, 18 September 2019 15:50 WIB

U.K. consumer prices slowed to 1.7% year-over-year growth in August from 2.1% in July, the Office for National Statistics said Wednesday. Economists polled by FactSet expected a 1.9% rise. Core CPI slowed to 1.5% from 1.9%. The ONS said the decline came from principally games, toys and hobbies, and...

US: Retail sales rose 0.4% in August vs. 0.2% expected
Friday, 13 September 2019 19:46 WIB

The data published by the US Census Bureau today revealed that retail and food services sail in August rose 0.4% on a monthly basis to $526.1 billion and beat the market expectation for an increase of 0.2%. On a yearly basis, retail sales grew by 4.1%. Total sales for the June 2019 through August 2...

U.S. Core Inflation Picks Up More Than Forecast to One-Year High
Thursday, 12 September 2019 19:47 WIB

A measure of underlying U.S. inflation accelerated by more than forecast to a one-year high in August, signaling inflation was already firming ahead of fresh tariffs on Chinese goods this month that may push prices higher for Americans. The core consumer price index, which excludes food a...

U.K. Recession Threat Recedes as Economy Posts Solid July Growth
Monday, 9 September 2019 15:57 WIB

The U.K. economy grew at its fastest pace in six months in July, an unexpectedly strong performance that will allay fears Britain was facing a possible pre-Brexit recession. Gross domestic product rose 0.3% from June, the Office for National Statistics said Monday. Economists had pre...

U.S. Payrolls Rise 130,000, Boosted by 25,000 for Census Count
Friday, 6 September 2019 19:59 WIB

U.S. companies' hiring stumbled in August, likely cementing expectations for a second straight Federal Reserve interest-rate cut as trade uncertainty and softer global growth weigh on the outlook. Private payrolls rose 96,000, a three-month low, after a downwardly revised 131,000 advance ...

ANOTHER NEWS
Gold Holds Line Near $1,500 as Central Bank Titans Decide Policy
Wednesday, 18 September 2019 16:40 WIB Gold investors have gone into wait-and-see mode ahead of an expected interest rate reduction by the Federal Reserve later on Wednesday that will kick off a busy round of policy decisions from leading central banks. Prices were confined to a...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.