Stock Market Impact: The Services PMI rose to 54.4, surpassing expectations and indicating strong domestic demand, likely supporting equity market sentiment in the short term.
Listed Companies and Sectors: Service‑sector firms reported higher new business and the first staffing increase in four months, suggesting revenue growth for hospitality, retail, transport and related listed companies.
Investment Flows: The upbeat PMI may improve investor confidence, potentially encouraging foreign portfolio investment into Chinese service‑sector equities.
Interest Rates, Inflation, and Liquidity: Input price inflation reached its highest level since October 2024, driven by oil, fuel, procurement and wage costs, though average selling prices remained stable.
Fiscal or Monetary Policy: No specific fiscal or monetary measures were mentioned in the survey.
