Chinese RatingDog Services PMI (Feb) 56.7 vs. Exp. 52.3 (Prev. 52.3)

Chinese RatingDog Services PMI (Feb) 56.7 vs. Exp. 52.3 (Prev. 52.3)

The Chinese Services PMI for February came in significantly above expectations at 56.7, indicating stronger growth in the services sector compared to the previous month and forecasts. This suggests a robust recovery in consumer activity, which could bolster sentiment not just in China but also in broader Asia-related markets, impacting risk assets and currencies associated with the region.