Mainland Services Sector Sees Pick-up Activity

The mainland’s services sector grew steadily last month as domestic demand picked up, data showed on September 3, adding to signs that government measures have started to steer the economy out of a prolonged slowdown.

The non-manufacturing purchasing manager’s index slipped to 53.9 from July’s 54.1 to be at the same level as in June, the National Bureau of Statistics said.

A reading above 50 indicates a pickup in activity while one below 50 points to a slowdown. The survey followed two manufacturing PMIs which showed factory activity rose last month.

~ SCMP, September 4, 2013 ~

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