China's new service sector PMI fell to a six-month low
China's new service sector in PMI fell to a six-month low, with new business growth slowing to a six-month low, indicating a slowdown in service sector expansion. Comprehensive financial manufacturing PMI to see, the steady growth of China's economy but slowed down, be vigilant in the second quarter there is a turning point signal.
NEW YORK (MarketWatch) - China's March Service Purchasing Managers' Index (PMI) fell 0.4 points to 52.2 in the previous month, marking a six-month low. The month's PMI fell to a five-month low of 52.1.
"China's economy continued to expand in March, but the growth in manufacturing and service sectors slowed." Tsang Zongsheng, director of macro research at Monita's think tank, said the new business slowed down as economic outlook was blind, investors Should pay close attention to the second quarter of the turning point.
Markit's data show that the new service index for services in March also fell to 52.2, the lowest since last September. The report of the companies surveyed shows that new product development and customer growth have contributed to the growth of new business.
Both the input price index and the toll price index both rose, the highest since February 2013, and the highest since August 2015.
In terms of input prices, 10% of the respondents in the month reflect the increase in the cost burden. Only 2% of the enterprises indicated that the cost of the enterprises was generally related to the increase in the cost of labor. Some enterprises mentioned the price of raw materials. In terms of fees, , Increased customer demand, increased investment costs, resulting in service industry charges have also been raised.
In addition, the March operating expectations index exceeded the threshold of 50, indicating that the industry for the next 12 months to maintain a high degree of optimism, and 13 months to the second highest value (after January). The survey shows that market size expansion, customer demand improvement, new project development and other expected factors to support the industry's confidence in the future. The employment index continued above 50, but slightly lower to the year low.
NEW YORK (MarketWatch) - China's March Service Purchasing Managers' Index (PMI) fell 0.4 points to 52.2 in the previous month, marking a six-month low. The month's PMI fell to a five-month low of 52.1.
"China's economy continued to expand in March, but the growth in manufacturing and service sectors slowed." Tsang Zongsheng, director of macro research at Monita's think tank, said the new business slowed down as economic outlook was blind, investors Should pay close attention to the second quarter of the turning point.
Markit's data show that the new service index for services in March also fell to 52.2, the lowest since last September. The report of the companies surveyed shows that new product development and customer growth have contributed to the growth of new business.
Both the input price index and the toll price index both rose, the highest since February 2013, and the highest since August 2015.
In terms of input prices, 10% of the respondents in the month reflect the increase in the cost burden. Only 2% of the enterprises indicated that the cost of the enterprises was generally related to the increase in the cost of labor. Some enterprises mentioned the price of raw materials. In terms of fees, , Increased customer demand, increased investment costs, resulting in service industry charges have also been raised.
In addition, the March operating expectations index exceeded the threshold of 50, indicating that the industry for the next 12 months to maintain a high degree of optimism, and 13 months to the second highest value (after January). The survey shows that market size expansion, customer demand improvement, new project development and other expected factors to support the industry's confidence in the future. The employment index continued above 50, but slightly lower to the year low.