China’s services Purchasing Managers’ Index (PMI), as reported by Ratingdog, eased to 50.8 in October from 51.6 previously. The reading remained above the 50-mark that separates expansion from contraction, but the slower pace points to softer momentum in the sector.
Continued Growth at a Slower Pace
The latest move leaves services still growing, albeit more cautiously than in the prior month.
Market Expectations and Outlook
Markets will watch whether subsequent survey updates confirm a broader cooling trend or a temporary pause in activity.
