Mumbai, April 3 -- China's service sector expanded again in March, with both business activity and new orders increasing at faster rates in the latest survey period. Firms were also optimistic regarding future output.
Staffing levels declined, however, whilst improved efficiency helped to clear backlogs of work. Meanwhile, greater market competition led firms to lower their selling prices in March. This was despite a renewed increase in input costs.
The headline Caixin China General Services Business Activity Index posted 51.9 in March, up from 51.4 in February. Scoring above the crucial 50.0 no-change mark for the twenty-seventh month in a row, the latest reading signalled another expansion of services activity in China. While modest, th...