China's service sector logged a strong momentum in October underpinned by business activity and new work, data published by IHS Markit showed on Wednesday.
The Caixin services Purchasing Managers' Index rose to 53.8 in October from 53.4 in September. The rate of growth was the quickest seen since July.
A reading above 50.0 indicates expansion in the sector.
Driven by improved market conditions and increased customer demand, new orders posted the steepest growth in three months. Export orders also returned to growth in October.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.