China Caixin/Markit PMIs for March: Services 54.3 and Composite 53.1

China Caixin/Markit PMIs, Services and Composite, for March 2021:

Services 54.3

  • expected 52.1, prior 51.5

  • Business activity and sales both rise at quicker rates

  • Employment returns to growth 
  • Business confidence hits highest for over a decade 
  • work backlogs rose for the first time in five months

Composite 53.1

  • prior 51.7

And that brings an end to the series of PMIs out from China for the preceding month. ICYMI:

 more to come  
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