China Caixin/Markit PMIs Services 57.8 & Composite 57.5 for November

These are the results of a privately-conducted survey, which differs to the official survey (in a nutshell this one leans more towards smaller sizes firms)

Services jump to 57.8

  • expected 56.4, prior 56.8
Key points highlighted by IHM / Markit:
  • Substantial rise in business activity amid quickest increase in new work since April 2010
  • Employment growth strongest since October 2010
  • Input costs rise at sharpest pace for over a decade
Composite no slouch, to 57.5