China's service sector continued to recover from the pandemic driven downturn in December, survey results from IHS Markit showed Wednesday.
The Caixin services Purchasing Managers' Index fell to 56.3 in December from 57.8 in November. A score above 50 indicates expansion.
Although the pace of growth moderated, it remained among the steepest recorded over the past decade and signaled a marked recovery from the Covid-19 outbreak at the start of the year.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.