China Caixin/Markit PMIs for March: Services 54.3 and Composite 53.1

China Caixin/Markit PMIs, Services and Composite, for March 2021:

Services 54.3

  • expected 52.1, prior 51.5
  • Business activity and sales both rise at quicker rates
  • Employment returns to growth
  • Business confidence hits highest for over a decade
  • work backlogs rose for the first time in five months

Composite 53.1

  • prior 51.7