• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Forex Brokers
  • Best Forex Robots
  • Best Forex Signals
  • Best Managed Accounts

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

China’s Feb Services Activity Grew at Slowest Pace in Six Months

March 3, 2022 by Forex Winner Leave a Comment

China’s Feb Services Activity Grew at Slowest Pace in Six Months

Source: IHS Markit

China’s service sector expanded at the slowest rate in six months in February, as businesses expressed a stronger optimism for the upcoming year. CSI 300 Index down -0.59%, CNY USD up +0.03%

  • The seasonally adjusted headline business activity index dropped to 50.2 points in February from 51.4 in January. Any score above 50 signaled a marginal increase in services activity.
  • A sub-index for new business stood at 48.8, the first drop since August last year, as services firms reported measures to contain Covid-19 cases, including the travel restrictions.
  • New export business dropped for the second consecutive month, even though at a slower rate. The decline led to another reduction of payrolls at China’s services firms.
  • Wang Zhe, senior economist at Caixin Insight Group stated that demand for services shrank as supply grew at a limited pace.
  • China’s economy bounced back strongly from a pandemic-driven plunge in 2020, but momentum began to wane in the summer of last year as anti-Covid measures hurt spending and consumer sentiment.

And here is a golden tip

Want to profit from forex news? These forex robots earned the best historical yields to investors. Check out Best Forex Robots

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

seventeen − = eleven

Primary Sidebar

Latest News

EU Consumer Confidence Plunges Lower, Eurozone Picks Up

EU Consumer Confidence Plunges Lower, Eurozone Picks Up

May 20, 2022

German Producer Inflation Quickens to Record High as Energy Prices Climb Further

German Producer Inflation Quickens to Record High as Energy Prices Climb Further

May 20, 2022

Great Britain Retail Sales Rebounds as Buying Activity Climbs

Great Britain Retail Sales Rebounds as Buying Activity Climbs

May 20, 2022

Best Forex Robots

  1. Happy Forex 8.0
  2. Forex Fury 7.7
  3. Promax Gold EA 6.8
  4. Gump EA 6.4
  5. Forex inControl Reborn 6.0

Footer

Forex Broker Reviews

Binarycent

Binarycent Review

June 14, 2019 By Forex Winner

Hot Forex

HotForex Review

November 10, 2019 By Forex Winner

NinjaTrader Review

February 17, 2020 By Forex Winner

Forex Robot Reviews

Genius Asset Review

Genius Asset Review

May 19, 2022 By Forex Winner

My Forex Path Review

My Forex Path Review

May 12, 2022 By Forex Winner

Powerhouse EA

Powerhouse EA Review

April 29, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2022 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure