A private gauge of China’s services activity climbed to the highest in five months, potentially easing some concern about the economy.
The Caixin services purchasing managers’ index rose to 52.9 last month from 51.5 in November, Caixin and S&P Global said in a statement Thursday. That compares to the consensus estimate among economists of 51.6. A reading over 50 indicates expansion from the prior month.
Source: Bloomberg
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