China’s Caixin Services PMI jumped sharply from 50.6 to 52.6 in July, well ahead of expectations at 50.4, marking the fastest pace of expansion since May 2024. PMI Composite, owever, fell from 51.3 to 50.8 as dragged down by weak manufacturing. According to S&P Global’s Jingyi Pan, the rise was driven by better domestic demand […]
The post China’s Caixin Services PMI surges to 52.6, on stronger demand and renewed optimism appeared first on Action Forex.
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