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2nd Jan 2024 21:20China+, Daily Monitor

  • The Caixin PMI indicated rising service activity in December, in contrast to the depressed official PMI...
  • ...But the Caixin PMI has been a better leading indicator of services production recently.
  • Consumer services demand is likely to continue to outperform soft consumer goods demand in 2024.

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Keywords for: 5 January 2024 China+ Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence