Pantheon Macroeconomics

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6th Apr 2023 14:59China+, Weekly Monitor

  • Both March PMIs report a vibrant recovery in China’s services sector activity.
  • Services firms are swallowing a jump in labour and raw material costs, rather than raise prices.
  • Improving job expectations have boosted spending intentions on travel, but not big ticket items.

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Keywords for: 11 Apr 2023 China+ Monitor

labour, March, March pmis, pmis, services sector, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence