Activity in China’s services sector improved in August as new orders picked up, a private survey revealed on Monday.
The Caixin/Markit services purchasing managers’ index (PMI) rose to 52.1, up from 51.7 in July but still below an 11-month peak of 52.7 in June.
Monday’s figure was also below than the government’s gauge. Last week, the official non-manufacturing PMI for August came in at 53.5.
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Craig Erlam
Senior Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a Market Analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.
His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and BNN.
Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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