"Economics" China January RatingDog Services PMI 52.3 beats forecast, fastest growth in three months
In January 2026, China's RatingDog Services PMI index was 52.3, exceeding market expectations, indicating continued expansion in service sector activity and reaching a three-month high. The growth rate of new orders accelerated, influenced by promotions and new product launches. Although service sector costs rose, the increase slowed to a five-month low. Business confidence remains optimistic, anticipating future sales growth, but concerns about the global economic outlook have intensified