Economic Indicators
China’s services sector activity slows in Sept – official PMI
2022.09.29 22:23
© Reuters. FILE PHOTO: A worker cleans a broken glass panel at a mall in Beijing, China October 4, 2015. REUTERS/Damir Sagolj
BEIJING (Reuters) – China’s services activity expanded at a slower pace in September, an official survey showed on Friday, as COVID-19 curbs in populous cities weighed on consumption.
The official non-manufacturing purchasing managers’ index (PMI) dropped to 50.6 in September from 52.6 in August, data from the National Bureau of Statistics showed.
A reading above the 50-point mark indicates expansion in activity while a reading below indicates contraction.
China’s official composite PMI, which includes both manufacturing and services activity, stood at 50.9, compared with 51.7 in August.
