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CN Jan Caixin Service PMI Climbs to 52.9, Beating Forecast
Caixin China General Services Business Activity Index (Service PMI) came in at 52.9 in January 2023, up by 4.9 ppts from the figure in December 2022 and beating the market forecast of 51, Caixin.com announced.
Driven by the optimization of pandemic-prevention and control measures and receding number of COVID-19 infections, the service sector has seen greatly improved market sentiment in January 2023, and regained expansionary momentum for the first time since September 2022.
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