China’s private services sector continued expanding in October, although growth moderated to its weakest pace in three months. RatingDog PMI Services fell from 51.6 to 50.8, below market expectations of 51.5, as operational constraints and slower growth in new business weighed on activity. PMI Composite eased from 52.4 to 52.0, also a three-month low, with […]
The post China Services PMI Slows to 50.8 as Rising Costs and Price Cuts Squeeze Margins appeared first on ActionForex.
Key Highlights GBP/USD started a fresh increase above the 1.3420 resistance. A bullish trend line is forming with support at 1.3370 on the 4-hour chart. Gold started a consolidation phase below the $4,000 pivot level. Read more…
Australia’s private-sector activity returned to contraction in October, with PMI Services falling from 51.9 to 48.5, marking its first decline in activity since May and the lowest reading in seven months. The final figure was Read more…
Australian household spending increased 0.6% mom in September, with annual growth reaching 6.8%, according to the Australian Bureau of Statistics (ABS). Spending rose across six of the nine categories and all eight states and territories, Read more…