Chinese RatingDog Services PMI (Jan) 52.3 vs. Exp. 51.8 (Prev. 52.0)

Chinese RatingDog Services PMI (Jan) 52.3 vs. Exp. 51.8 (Prev. 52.0)

The Chinese Services PMI for January came in at 52.3, beating expectations of 51.8 and slightly up from the previous month’s 52.0. This robust figure suggests a continuation of positive growth in the services sector, which may support a more optimistic outlook for the Chinese economy and its recovery narrative, potentially influencing forex and commodity markets accordingly.