This is the privately surveyed PMI from China.
Services 53.8 and a solid beat indeed, also above the September reading
expected 50.7, prior 53.4
53.8 is the highest since July
Composite 51.5
prior 51.4
A snippet from the Markit report:
- Supply and demand recovery both retained momentum
- Employment was more or less stable
- Gauges for prices were high
- "Policymakers should not only take effective measures to stabilise commodity supplies and prices, but also pay close attention to downstream firms, especially small and midsize ones."
