The services purchasing managers index in China increased to 55 in February from 52.9 in January, marking the fastest rate of growth in the sector in six months.
Caixin reported that this was even faster than the average of 53.7 in the series. In terms of monthly change, growth or decline is indicated by a reading above or below 50.
According to Caixin, new business saw its biggest increase since April 2021 thanks to the loosening of Covid-19 regulations, which in turn increased client numbers and demand.
The increase of fresh export orders also picked up speed, reaching a four-year high.
