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CN Apr RatingDog Services PMI Rises to 52.6; Composite Output Index at 53.1
China's RatingDog Services Business Activity Index hiked to 52.6 in April from 52.1 in March, above the market expectation of 52, indicating a strengthening expansion momentum ...
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CN Apr RatingDog Services PMI Rises to 52.6; Composite Output Index at 53.1
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China's RatingDog Services Business Activity Index hiked to 52.6 in April from 52.1 in March, above the market expectation of 52, indicating a strengthening expansion momentum in services activity. The Composite Output Index stood at 53.1 in April, above the 51.5 in March, signaling a pickup in overall production and business activity of Chinese enterprises, with the growth rate notching a new high since May 2024.

Data showed that mainland China's services sector generally held optimistic expectations for business activity over the coming year. Corporate confidence improved in April. Accelerated growth in new business led to a further accumulation of outstanding business in the services sector. Average input costs for mainland China's services industry drifted higher.

Related NewsFixed Asset Investment (YTD) YoY for Apr in China is -1.6%, lower than the previous value of 1.7%. The forecast was 1.6%.
Surveyed companies widely indicated that the escalation of oil prices and fuel costs amid the Middle East conflict mounted cost pressures during the month, hitting the highest level this year, though overall increases remained moderate and below the long-term average.

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