China's service sector growth accelerated in August driven by the strong upturn in new orders, survey data from S&P Global showed on Wednesday.
The headline RatingDog services Purchasing Managers' Index rose unexpectedly to 53.0 in August from 52.6 in July. Economists expect the indicator to fall to 52.4. The rate of increase was the fastest seen since May 2024.
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by Renju Jaya
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