China's service sector expanded strongly in October signaling a sustained recovery from the Covid-19 related drops in activity seen earlier in the year, survey results published by IHS Markit showed Wednesday.
The Caixin services Purchasing Managers' Index advanced to 56.8 in October from 54.8 in the previous month. A score above 50 indicates expansion in the sector.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.