China Service Sector Growth Accelerates In September
China's service sector growth improved at a faster pace in September, a survey report from Markit Economics showed Monday.
The headline HSBC business activity index rose to 54.3 in September from 52 in August. Services output grew at the fastest rate since May.
An index reading above 50 indicates expansion of the sector, while a reading below 50 suggests contraction.
The composite output index, that measures the performance of both manufacturing and services, rose to 50.3 in September from 49.9 in August despite a fall in manufacturing activity
Published: 2012-10-08 03:45:00