PMI erhvervstillid for den kinesiske serviceindustri – læs hele meddelelsen her:
The expansion in the services sector remained at a
relatively fast pace.
1) Domestic demand expanded at a faster pace than overseas demand. While the gauge for total new business rose for the second month in a row, the one for new export business fell from the previous month, reflecting slowing expansion of foreign demand.
2) Services supply expanded at a relatively slow clip. The measure for outstanding business returned to expansionary territory, indicating that supply growth lagged behind demand expansion. The employment gauge fell marginally to the lowest level since July, despite remaining in positive territory.
3) Business confidence was subdued. The gauge for prices charged by service providers fell into contractionary territory, hitting the lowest point since August 2017. The drop was larger han the decline in the gauge for input costs, suggesting the rise in services demand was possibly due to greater sales promotions. That had an adverse impact on business
confidence, with the measure for business expectations dropping to the lowest level since late 2015.
“The Caixin China Composite Output Index dropped to 52.6 in December from 53.2 in the previous month. Rates of expansion in both the services and manufacturing sectors
moderated. However, China’s overall economy continued to stabilize. The gauges for new orders, employment and output prices all remained in positive territory despite modest drops.
It is difficult for the measure of business confidence, which remained at a relatively low level in December, to improve. That has become a major hurdle to stabilizing the economy.
Looking forward, the phase one trade deal between China and the U.S. should be able to help corporate sentiment recover. China’s economy is likely to get off to a quick start in 2020, but it will still be constrained by limited demand for the rest of the year.”
