China Caixin PMI Services rose to 54.8 in September, up fro August’s 54.0, above expectation of 54.5. PMI Composite dropped to 54.5, down from 55.1.
Wang Zhe, Senior Economist at Caixin Insight Group said: “Overall, the economy remained in a post-epidemic recovery phase and improved at a faster pace. Supply and demand both expanded in the manufacturing and services sectors…. In the near term, there will still be uncertainties from Covid-19 overseas and the U.S. election, and the development of “dual circulation” in the domestic and international markets will continue to face challenges.”
