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China’s PMI Services Industry Rose to 54.8 in April

Apríl, 30 2018
watermark Economic news

The service industry in China rose for the month of April based on the official survey on Monday,

There is a strong growth as reflected in the official non-manufacturing Purchasing Managers’ Index (PMI) climbed to 54.8 from 54.6 in March.Both the composite PMI accounted for services and manufacturing activity grew to 54.1 in April compared to 54 in March. A mark of 50 drives apart expansion from contraction.

More than half of the Asian country benefits from the services sector with higher wages giving more spending power to local consumers.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.