Services sector in China sees acceleration in growth in March with increased new business volume, marking fastest growth in 3 months.

Supply and Demand in March: A Closer Look at the Manufacturing and Services Sectors

In March, the manufacturing and services sectors experienced growth in supply and demand, with exports improving and sustained market optimism. This acceleration in growth led to the composite PMI rising to 52.7 last month from 52.5 in February. Despite the better sales and business confidence, there was no significant increase in recruitment levels as employment levels shrank for a second consecutive month. Respondents attributed this decline in payroll numbers to resignations among staff and redundancies made to improve productivity. Economist Wang Zhe from Caixin Insight Group stated that sluggish demand persisted, despite the overall positive outlook for new business expansion and business confidence.

Leave a Reply

Celtics Focus on TV Coverage of Caitlin Clark Leading Iowa to Victory over LSU After Defeating Hornets Previous post From the Court to the NCAA Tournament: Boston Celtics and Caitlin Clark’s Impressive Performance
Owner of Funeral Home in Morgan County Speaks Out After Radar-Confirmed Tornado Destroys Business Next post Surviving the Storm: A Resilient Community Rallies Around Owner of Destroyed Sunbright Funeral Home