China's service sector registered a sustained slowdown in activity as efforts to curb the spread of Covid-19 continued to disrupt business operations in October, survey results from S&P Global showed on Thursday.
The Caixin services Purchasing Managers' Index fell to 48.4 in October from 49.3 in the previous month. The reading signaled that the sector contracted the most since May. The score was also below economists' forecast of 49.2.
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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.