Caixin
Jan 04, 2019 08:48 PM
ECONOMY

China’s Services Activity Picks Up in December: Caixin Survey

A restaurant in Beijing on Dec. 15. Photo: Wu Gang/Caixin
A restaurant in Beijing on Dec. 15. Photo: Wu Gang/Caixin

Expansion in China’s services activity accelerated for the second straight month to a level not seen since June 2018 on increasing foreign demand and improving business confidence, a Caixin survey showed Friday.

The Caixin China General Services Business Activity Index, which is followed by China watchers as one of the earliest indicators available each month gauging the country’s economic health, rose to 53.9 in December from 53.8 in November and 50.8 in October. A reading above 50 indicates expansion, while anything below that points to contraction.

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