Services

China’s services activity growth momentum softens in Feb, Caixin PMI shows

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[ BEIJING: China’s services activity grew at a slower pace in February, with business confidence moderating for the second month and firms trimming staff numbers for the first time since November, a private-sector survey showed on Tuesday. The Caixin/S&P Global services purchasing managers’ index (PMI) edged down to 52.5 from 52.7 in January, but was … Read more

Businesses expect improve conditions in 1Q24 – DoSM

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[ KUALA LUMPUR: Businesses are anticipating improved conditions in the first quarter (1Q) of 2024 with a positive confidence indicator of 4.2 per cent, up from 3.2 per cent in the fourth quarter (4Q) 2023, said the Department of Statistics Malaysia. In a statement, chief statistician Datuk Seri Mohd Uzir Mahidin said businesses are confident … Read more