China's service sector growth accelerated in March driven by steeper increases in activity and overseas sales, survey results from IHS Markit showed on Tuesday.
The Caixin Purchasing Managers' Index rose to 54.3 in March from 51.5 in February. The pace of expansion was the fastest in last three months. The score has remained above the neutral 50.0 level for eleventh consecutive month.
The survey showed that new orders increased at the fastest pace in three months despite a slight fall in export business.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.