China services confidence jumps

Monday, 6 February 2023

Pantheon with the note.

The headline Caixin services PMI jumped 4.9 points to 52.9 in January, on the back of notable improvements in demand, output and expectations. This was the first above-50 reading in five months. It reaffirms the recovery signal in the earlier official services PMI. Firms are anticipating the fruits of economic reopening.

The rebound is driven by domestic demand.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.