China Caixin PMI Services rose to 57.8 in November, up from 56.7, above expectation of 56.5. It’s also the second quickest expansion rate since April 2010. Employment growth was strongest since October 2010 while input costs rose at sharpest pace for over a decade. PMI Composite rose from 55.7 to 57.5, best reading since March 2010.
Wang Zhe, Senior Economist at Caixin Insight Group said: “We expect the economic recovery in the post-epidemic era to continue for several months. At the same time, deciding how to gradually withdraw the easing policies launched during the epidemic will require careful planning as uncertainties still exist inside and outside China.”
