Monday, January 5, 2015

China December HSBC services PMI picks up to three-month high, more stimulus still seen

A worker assembles a generator at a factory in Hefei BEIJING (Reuters) - China's services sector grew at its fastest pace in three months in December as new orders remained strong, a private survey showed, an encouraging sign of strength even as manufacturing activity slows and the property market softens. The HSBC/Markit Services Purchasing Managers' Index(PMI) picked up to 53.4 last month from November's 53.0, well above the 50-point level that separates growth from contraction in activity on a monthly basis. A sub-index measuring new business cooled slightly to 53.9 in December from a 2-1/2 years high of 54. ...








via Health News Headlines - Yahoo News http://ift.tt/14foBal

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