Live Updates > Live Update Details
2026-11-04 09:52:26
[RatingDog China Services PMI at 50.8 in October] The RatingDog China Services Business Activity Index registered 50.8 in October, down 0.8 from September. The expansion was moderate, the slowest in three months, indicating that the service sector expansion continued into the start of the fourth quarter. Activity and Demand: Business activity continued to expand, but the growth rate slowed, with capacity constraining growth. New business maintained relatively rapid growth, with the growth rate roughly the same as in September. New export business grew for the sixth consecutive month, the longest growth cycle since 2024, but the growth rate slowed. Price Indicators: Input price increases accelerated to the highest level in five months. Sales prices declined for the second consecutive month, mainly due to intense market competition, with the decline moderated compared to September. Overall, the service sector expansion continued, but at a slower pace. On the demand side, new business maintained relatively rapid growth, and external demand continued to improve. The further decline in selling prices coupled with rising costs warrants attention as they squeeze corporate profit margins. (RatingDog)
