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Global Economic News

China Services PMI Slides To 53.5 In September - HSBC

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

China's services sector continued to expand in September, albeit at a slower pace, the latest survey from HSBC Bank revealed on Wednesday with a PMI score of 53.5.

That's down from 54.1 in August, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

The composite index came in at 52.3 - expanding for the fifth straight month but down from the 17-month high of 52.8 in August.

Composite input prices were a key drag, falling for the first time in five months.

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