FAST FIVE: China Caixin Service PMI Unexpectedly Soars To 10 Year High
Virtually all sub-indexes also suggested stronger overall new businesses, as well as improvement in new export businesses.
Now if only imports were also rebounding just as strongly to allow China to finally comply with its obligations under Phase One of the trade deal, which it clearly refuses to do.
The labor market remained soft however.
The output prices sub-index rose to 50.1 from 48.3, while the input prices sub-index fell to 49.5 from 49.9.
Surveyed companies reported strengthened business confidence – the business expectation index went up to 60.1 (after seasonal adjustment), the highest since June 2017.