China: Service industry sees slight growth in December
China’s Service Industry Shows Continued Growth in December
Recent PMI® figures indicate that China’s service sector maintained its upward momentum in the last month of the year. However, both business activity and incoming orders saw their slowest increases since June. The deceleration in sales was partly due to a renewed decline in overseas demand. In response, firms reduced their workforce, leading to a modest rise in unfinished work.
At the same time, fierce competition in the market drove output prices lower, despite ongoing increases in input costs. On a positive note, optimism about business prospects for the coming year reached its highest level in nine months.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump’s Address, Corporate Results, and Other Major Events to Follow This Week
Donald Trump’s Memecoin Raises Concerns Over Developer Sales – Here Are the Whale Movements
Monday open indicative forex prices, 19 Jan 2026. 'Risk' lower on Trump's latest trade war
BitMine Leadership Just Responded After Contentious Shareholder Meeting
