China's services grew at the fastest pace in over a year in March driven by improved demand, and manufacturing also improved, leading to strongest expansion of the private sector in nine months, survey data from IHS Markit showed on Wednesday.
The Caixin China services Purchasing Managers' Index, or PMI advanced to 54.4 in March from 51.1 in February. The reading was the strongest since January 2018.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.