Service Sector Growth Slows

Survey results show that business activity in China’s services sector grew at its slowest pace in nearly two years in September. The Caixin/Markit services purchasing managers’ index (PMI) fell to 50.6 in September, which is one of the weakest results since the survey began in 2005. A reading above 50 indicates growth, while below 50 indicates contraction. Further, the survey results show that the services sector continued to see far less inflation than the manufacturing industry.

Shanghai Business Review is the leading English language website and print magazine for business leaders conducting business in China.

NO COMMENTS