S&P 500
6,830.40
-1.31%
Dow Jones
48,485.20
-0.59%
Nasdaq 100
25,191.20
-2.43%
Russell 2000
2,553.28
-1.68%
FTSE 100
9,662.20
-0.63%
Nikkei 225
50,321.40
-1.31%

Services

China’s Services Sector Expands in December

Follow 24/7 Wall St. on Google
By Trey Thoelcke Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

China
Thinkstock
In yet one more sign that China has not only dodged the recession but it has been largely unaffected by the troubled economies of the rest of the world, the services sector of the People’s Republic expanded again in December.

According to a report in The Wall Street Journal:

An index of service-sector activity in China rose for the third straight month in December and added to recent signs of a rebound for the world’s second-largest economy.

China’s official non-manufacturing Purchasing Managers’ Index rose to 56.1 in December from 55.6 in November, according to a statement Thursday from the China Federation of Logistics and Purchasing, which issues the data with the National Bureau of Statistics.

The December reading marks the highest level for the index since August. A reading above 50 indicates expansion in non-manufacturing activity from the previous month, while anything below that indicates contraction.

Douglas A. McIntyre

Continue Reading

Douglas A. McIntyre |

What’s Important in the Financial World (1/3/2013)

ThinkstockChina’s Service Sector In one more sign that China not only dodged the recession but has been largely unaffected by…
Douglas A. McIntyre |

Europe, Particularly Germany, Recovers

In the shadow of deep concerns about the viability of the sovereign debt of some of the eurozone’s weakest nations, the economies…
ISM Non-Manufacturing Shows Slowing Services Economy in January
Jon C. Ogg |

ISM Non-Manufacturing Shows Slowing Services Economy in January

The Institute for Supply Management (ISM) has released its non-manufacturing survey results for January of 2019.
PMI/ISM Non-Manufacturing Indicate Strong Jobs and Higher Prices
Jon C. Ogg |

PMI/ISM Non-Manufacturing Indicate Strong Jobs and Higher Prices

The economic reports on Monday were far less important compared to the jobs and wages data released on Friday, but…
Will a Manufacturing Recession Lead to a Overall US Recession?
Jon C. Ogg |

Will a Manufacturing Recession Lead to a Overall US Recession?

The Institute for Supply Management reported a disappointing turn in economic activity in the manufacturing sector during the month of…
Douglas A. McIntyre |

EU and China PMI Slide

S&PHas a drop in China’s Purchasing Managers’ Index (PMI) been hurt by the European Union’s recession, or has the EU…
Trey Thoelcke |

PMI Data Shows Uneven Recovery in Europe, Slowdown in China

ThinkstockWeakness in France, the second largest nation in the eurozone, put a damper on business activity in the 18-nation bloc…
Douglas A. McIntyre |

German PMI Rises In January

The economy of the largest nation in Europe based on GDP recovered in January, a sign that it may escape…
Trey Thoelcke |

Economic Slowdown Continues in the Eurozone

nationsonline.orgDespite the European Central Bank’s aggressive new bond-buying plan, private-sector activity across the eurozone contracted at its fastest pace since…

Top Gaining Stocks

Lululemon
LULU • Vol: 20,269,196
+$17.96
+9.60%
$204.97
Mosaic
MOS • Vol: 9,799,192
+$1.02
+4.05%
$26.21
General Electric
GE • Vol: 9,381,608
+$11.39
+3.95%
$299.81
Chipotle Mexican Grill
CMG • Vol: 28,292,001
+$1.27
+3.64%
$36.14
Ball
BALL • Vol: 3,588,833
+$1.70
+3.45%
$50.91

Top Losing Stocks

Broadcom
AVGO • Vol: 95,734,564
-$46.44
11.43%
$359.93
Corning
GLW • Vol: 9,693,009
-$7.65
7.97%
$88.32
Arista Networks
ANET • Vol: 8,507,403
-$9.63
7.17%
$124.76
Amphenol
APH • Vol: 13,260,097
-$9.85
7.08%
$129.24
Constellation Energy
CEG • Vol: 3,795,631
-$26.62
7.03%
$351.98