Copyright Bloomberg
China’s services activity grew in line with expectations last month, a private survey showed, as holiday spending and travel by households insulated the industry from an economic slowdown. The RatingDog China services purchasing managers’ index slipped to 52.6 from 52.9 in September, according to a statement published Wednesday, extending a growth streak that started after Covid lockdowns in 2022. The median forecast of economists surveyed by Bloomberg was 52.5, with any reading above 50 indicating an expansion.
