China Caixin Services PMI Rises to Highest in Over Two Years

The Caixin China Services purchasing managers index rose to 57.8 in March from 55.0 in February

Workers at a construction site in Shanghai, China.Photo: Qilai Shen/Bloomberg News

A private gauge of China’s service sector activity rose to its highest level in 28 months in March, signaling a continued recovery after Beijing eased Covid-19 restrictions.

The Caixin China Services purchasing managers index rose to 57.8 in March from 55.0 in February, Caixin Media Co. and S&P Global said Thursday.

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