China's service sector growth improved in October but the rate of expansion remained muted as new business logged the weakest rise in ten months and firms were more cautious about the economic outlook, the latest Purchasing managers' survey data from S&P Global showed on Friday.
The headline Caixin services Purchasing Managers' Index posted 50.4 in October. The reading improved from September's nine-month low of 50.2. Nonetheless, the score signaled only a moderate growth.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
by Renju Jaya
For comments and feedback: contact editorial@rttnews.com