Asian Economic News

China Services PMI Eases In September

An index measuring the service sectors in China came in with a score of 52.4 in September, the HSBC/Markit Services PMI revealed on Tuesday.

That's down from 52.8 in August, although it remains above the boom-or-bust score of 50 that separates expansion from contraction.

The composite PMI was 51.2 in September, easing from 51.8 in the previous month.

"China's services-activity growth appears to be stabilizing at a faster pace than in the second quarter," HSBC said in a statement. "Combined with the gradual improvement of the manufacturing PMI, the Chinese economy is still on the way to a modest recovery."

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

More Asian Economic News